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The design of feedback rules in linear stochastic rational expectations models
13 references·1 citing·40 second hop
The design of feedback rules in linear stochastic rational expectations models (1987)The design of feedback rules in linear st…Simple Macropolicy Rules for the Open Economy (1985)Simple Macropolicy Rules for …Optimal feedback rules in an open economy macromodel with rational expectations (1985)Optimal feedback rules in an …International coordination in the design of macroeconomic policy rules (1985)International coordination in…Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies (1985)Dynamic Games and the Time In…Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples (1984)Saddlepoint Problems in Conti…Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples (1984)Saddlepoint Problems in Conti…Policy evaluation and design for continuous time linear rational expectations models: some recent development (1984)Policy evaluation and design …On optimality and time consistency when expectations are rational (1983)On optimality and time consis…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations (1977)Conditions for Unique Solutio…A Note on Changes in Industrial Concentration in the United Kingdom (1975)A Note on Changes in Industri…Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model (1970)Optimal Choice of Monetary Po…Monetary Policy Rules for the Euro Area: What Role for National Information? (2002)Monetary Policy Rules for the…Rational Expectations and the Theory of Price Movements (1961)"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule (1975)An Equilibrium Model of the Business Cycle (1975)Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models (1985)The fragility of sunspots and bubbles (1989)Backward and Forward Solutions for Economies with Rational Expectations (2007)Myopia and Inconsistency in Dynamic Utility Maximization (1955)Efficient solution techniques for dynamic non-linear rational expectations models (1986)An alternative methodology for solving nonlinear forward-looking models (1995)A robust method for simulating forward-looking models (1998)Review of Economic Studies (2010)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)Expectations and Exchange Rate Dynamics (1976)Exchange Rates and the Current Account. (1980)The Solution of Linear Difference Models under Rational Expectations (1980)Search, Wage Bargains and Cycles (1987)The impact of military burden on long-run growth and welfare (2002)Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment (1973)Equilibria under ‘active’ and ‘passive’ monetary and fiscal policies (1991)Decision Making in Political Systems: Veto Players in Presidentialism, Parliamentarism, Multicameralism and Multipartyism (1995)Veto Players. How Political Institutions Work (2003)Econometric policy evaluation: A critique (1976)Policy Analysis with Econometric Models (1982)The international monetary system (1988)Output and unemployment dynamics in the United States: 1950–1985 (1989)International monetary coordination and the great deviation (2013)How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy? (1988)International Macroeconomic Policy Coordination When Policymakers Do Not Agree on the True Model. (1988)Robust control of forward-looking models (2003)Rational expectations models with partial information (1986)MACROECONOMIC POLICY EVALUATION AND OPTIMAL CONTROL THEORY: A CRITICAL REVIEW OF SOME RECENT DEVELOPMENTS (1987)Robust optimal decisions with stochastic nonlinear economic systems (1994)Central Banking in Theory and Practice (1998)Asset prices and central bank policy (2000)To Float or to Fix: Evidence on the Impact of Exchange Rate Regimes on Growth (2003)Terms-of-trade shocks and optimal investment: another look at the Laursen-Metzler effect (1999)
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1970Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model1,297 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 1977Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations222 cited
  • 1984Saddlepoint Problems in Contifuous Time Rational Expectations Models: A General Method and Some Macroeconomic Ehamples164 cited
  • 1984Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples134 cited
  • 1985Dynamic Games and the Time Inconsistency of Optimal Policy in Open Economies118 cited
  • 1985International coordination in the design of macroeconomic policy rules85 cited
  • 1983On optimality and time consistency when expectations are rational48 cited
  • 1985Simple Macropolicy Rules for the Open Economy39 cited
  • 1975A Note on Changes in Industrial Concentration in the United Kingdom29 cited
  • 1985Optimal feedback rules in an open economy macromodel with rational expectations27 cited
  • 1984Policy evaluation and design for continuous time linear rational expectations models: some recent development18 cited

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  • 2002Monetary Policy Rules for the Euro Area: What Role for National Information?

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26 cited