Unconditionally optimal monetary policy

Tatiana Damjanovic (), Vladislav Damjanovic and Charles Nolan ()

Journal of Monetary Economics, 2008, vol. 55, issue 3, pages 491-500

Abstract: We develop a simple and intuitive approach for analytically deriving unconditionally optimal (UO) policies, a topic of enduring interest in optimal monetary policy analysis. The approach can be employed in both general linear-quadratic problems and in the underlying non-linear environments. A detailed example is provided using a canonical New Keynesian framework.

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Related works:
Working Paper: Unconditionally Optimal Monetary Policy (2007)
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