Unconditionally optimal monetary policy
Tatiana Damjanovic (),
Vladislav Damjanovic and
Charles Nolan
Journal of Monetary Economics, 2008, vol. 55, issue 3, 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.
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:moneco:v:55:y:2008:i:3:p:491-500
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