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Monetary Policy with Single Instrument Feedback Rules

Isabel Correia (), Pedro Teles and Adão, Bernardino
Authors registered in the RePEc Author Service: Bernardino Adao ()

No 4948, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We consider standard cash-in-advance monetary models and show that there are interest rate or money supply rules such that equilibria are unique. The existence of these single instrument rules depends on whether the economy has an infinite horizon or an arbitrarily large but finite horizon.

Keywords: Monetary policy; Interest rate rules; Unique equilibrium (search for similar items in EconPapers)
JEL-codes: E31 E40 E52 E58 E62 E63 (search for similar items in EconPapers)
Date: 2005-03
New Economics Papers: this item is included in nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Monetary Policy with Single Instrument Feedback Rules (2007) Downloads
Working Paper: Monetary policy with single instrument feedback rules (2004) Downloads
Working Paper: Monetary Policy with Single Instrument Feedback Rules (2004) Downloads
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