Optimal non-linear monetary policy rules

Virginie Boinet and Christopher Martin ()

Economics and Finance Discussion Papers from Economics and Finance Section, School of Social Sciences, Brunel University

Abstract: We propose a simply yet flexible framework for the analysis of optimal monetary policy rules that produces the type of non-linear responses derived in the literature as special cases. Perhaps more importantly, our framework suggests a richer set of nonlinear responses than have been considered yet and thus may prompt further work in this area.

Date: 2006-07

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Persistent link: http://EconPapers.repec.org/RePEc:bru:bruedp:06-21

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