The Resource Interest-Rate Rules in a New Keynesian Framework with Investment

Interest-Rate Rules in a New Keynesian Framework with Investment

Label
Interest-Rate Rules in a New Keynesian Framework with Investment
Title
Interest-Rate Rules in a New Keynesian Framework with Investment
Creator
Contributor
Provider
Subject
Language
eng
Summary
The last decades have witnessed major progress in both monetary policy theory and practice, with broad academic consensus on the desirability of monetary policy rules and ongoing research on their exact specification. Typically, the analysis is carried out in a New Keynesian framework with nominal rigidities and constant capital stock. The latter represents a constraint that this study seeks to overcome by introducing a model with investment and capital adjustment costs. The work assesses different interest-rate rule specifications with respect to the target variables included, based on two criteria: determinacy of rational-expectations equilibrium and convergence to steady state after a shock. The study concludes that rules with both an inflation and an output gap target ensure a unique rational-expectations equilibrium and a less distressful adjustment of the economy after the occurrence of shocks
Member of
Cataloging source
MERUC
http://library.link/vocab/creatorName
Pavlova, Elena
Index
no index present
LC call number
HG1621 .P38 2011
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
JSTOR Open Access
Series statement
Schriften zur Wirtschaftstheorie und Wirtschaftspolitik,
Series volume
Bd. 44
http://library.link/vocab/subjectName
  • Interest rates
  • Monetary policy
  • Keynesian economics
  • BUSINESS & ECONOMICS
  • Interest rates
  • Keynesian economics
  • Monetary policy
  • BUSINESS & ECONOMICS / Money & Monetary Policy
  • Economic theory & philosophy
  • Monetary economics
  • Politics & government
Label
Interest-Rate Rules in a New Keynesian Framework with Investment
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 145-158)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource (164 pages).
Form of item
online
Isbn
9783653014440
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
Stock number
22573/ctv9gt0z3
System control number
  • (OCoLC)817907315
  • (OCoLC)ocn817907315
Label
Interest-Rate Rules in a New Keynesian Framework with Investment
Publication
Bibliography note
Includes bibliographical references (pages 145-158)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
unknown
Extent
1 online resource (164 pages).
Form of item
online
Isbn
9783653014440
Media category
computer
Media MARC source
rdamedia
Media type code
c
Specific material designation
remote
Stock number
22573/ctv9gt0z3
System control number
  • (OCoLC)817907315
  • (OCoLC)ocn817907315

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