Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment
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- Kevin X.D. Huang & Qinglai Meng, 2007. "Is Forward-Looking Inflation Targeting Destabilizing? The Role of Policy's Response to Current Output under Endogenous Investment," Vanderbilt University Department of Economics Working Papers 0704, Vanderbilt University Department of Economics.
- Huang, Kevin X. D. & Meng, Qinglai, 2007. "Is forward-looking inflation targeting destabilizing? The role of policy's response to current output under endogenous investment," Kiel Working Papers 1348, Kiel Institute for the World Economy (IfW Kiel).
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Citations
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Cited by:
- Arayssi, Mahmoud, 2014. "Nominal Income and Inflation Targeting," MPRA Paper 62066, University Library of Munich, Germany.
- McKnight, Stephen, 2017.
"Are Consumption Taxes Preferable To Income Taxes For Preventing Macroeconomic Instability?,"
Macroeconomic Dynamics, Cambridge University Press, vol. 21(4), pages 1023-1058, June.
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"Determinacy under Inflation Targeting Interest Rate Policy in a Sticky Price Model with Investment (and Labor Bargaining),"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 1019-1033, August.
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- Takushi Kurozumi & Willem Van Zandweghe, 2010. "Determinacy under inflation targeting interest rate policy in a sticky price model with investment (and labor bargaining)," Research Working Paper RWP 10-15, Federal Reserve Bank of Kansas City.
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Economica, London School of Economics and Political Science, vol. 82(328), pages 938-975, October.
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Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(5), pages 959-992, August.
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- Stephen McKnight, 2016. "Investment and forward-looking monetary policy: A Wicksellian solution to the problem of indeterminacy," Serie documentos de trabajo del Centro de Estudios Económicos 2016-02, El Colegio de México, Centro de Estudios Económicos.
- Buffie, Edward F., 2014. "The Taylor principle fights back, Part II," Journal of Economic Dynamics and Control, Elsevier, vol. 46(C), pages 30-49.
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Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 3034-3043.
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- Kevin X.D. Huang & Qinglai Meng, 2014. "Returns to Scale, Market Power, and the Nature of Price Rigidity in New Keynesian Models with Self‐Fulfilling Expectations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(2-3), pages 293-320, March.
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- William Barnett & Unal Eryilmaz, 2022.
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WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS
202203, University of Kansas, Department of Economics.
- Barnett, William A. & Eryilmaz, Unal, 2022. "Monetary Policy and Determinacy: An Inquiry in Open Economy New Keynesian Framework," MPRA Paper 111567, University Library of Munich, Germany.
- Kevin X. D. Huang & Qinglai Meng & Jianpo Xue, 2019.
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Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 68(3), pages 499-535, October.
- Kevin x.d. Huang & Qinglai Meng & Jianpo Xue, 2018. "Money growth targeting and indeterminacy in small open economies," Vanderbilt University Department of Economics Working Papers 18-00005, Vanderbilt University Department of Economics.
- William A. Barnett & Unal Eryilmaz, 2023. "Monetary Policy and Determinacy: An Inquiry into Open Economy New Keynesian Macrodynamics," Open Economies Review, Springer, vol. 34(2), pages 217-253, April.
- Best, Gabriela, 2015. "A New Keynesian model with staggered price and wage setting under learning," Journal of Economic Dynamics and Control, Elsevier, vol. 57(C), pages 96-111.
- Fernando M. Duarte & Anna Zabai, 2015. "An interest rate rule to uniquely implement the optimal equilibrium in a liquidity trap," Staff Reports 745, Federal Reserve Bank of New York.
- Buffie, Edward F. & Airaudo, M. & Zanna, Felipe, 2018. "Inflation targeting and exchange rate management in less developed countries," Journal of International Money and Finance, Elsevier, vol. 81(C), pages 159-184.
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More about this item
Keywords
Forward-looking inflation targeting Current output Endogenous investment Nominal rigidities Firm-specific capital;JEL classification:
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
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