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Confident expectations, rational expectations and the optimal conduct of monetary policy

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  • Maa[beta], Henrich
  • Sell, Friedrich L.

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  • Maa[beta], Henrich & Sell, Friedrich L., 1998. "Confident expectations, rational expectations and the optimal conduct of monetary policy," Economic Modelling, Elsevier, vol. 15(4), pages 519-541, October.
    • Handle: RePEc:eee:ecmode:v:15:y:1998:i:4:p:519-541
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    References listed on IDEAS

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    1. Levine, Paul L, 1988. "Does Time Inconsistency Matter?," CEPR Discussion Papers 227, C.E.P.R. Discussion Papers.
    2. Barro, Robert J. & Gordon, David B., 1983. "Rules, discretion and reputation in a model of monetary policy," Journal of Monetary Economics, Elsevier, vol. 12(1), pages 101-121.
    3. Masahiro Kawai, 1993. "Optimal and Sustainable Exchange Rate Regimes: A Two-Country Game-Theoretic Approach," IMF Staff Papers, Palgrave Macmillan, vol. 40(2), pages 329-368, June.
    4. Currie,David & Levine,Paul, 2009. "Rules, Reputation and Macroeconomic Policy Coordination," Cambridge Books, Cambridge University Press, number 9780521104609, November.
    5. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-1176, December.
    6. Feige, Edgar L & Pearce, Douglas K, 1976. "Economically Rational Expectations: Are Innovations in the Rate of Inflation Independent of Innovations in Measures of Monetary and Fiscal Policy?," Journal of Political Economy, University of Chicago Press, vol. 84(3), pages 499-522, June.
    7. Rogoff, Kenneth, 1985. "Can international monetary policy cooperation be counterproductive?," Journal of International Economics, Elsevier, vol. 18(3-4), pages 199-217, May.
    8. William D. Nordhaus, 1975. "The Political Business Cycle," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(2), pages 169-190.
    9. al-Nowaihi, Ali & Levine, Paul, 1994. "Can reputation resolve the monetary policy credibility problem?," Journal of Monetary Economics, Elsevier, vol. 33(2), pages 355-380, April.
    10. Bernanke, Ben S. & Mihov, Ilian, 1997. "What does the Bundesbank target?," European Economic Review, Elsevier, vol. 41(6), pages 1025-1053, June.
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    Cited by:

    1. Friedrich L. Sell, 2021. "Flexibles Inflationsziel für die Geldpolitik: nur neuer Wein in alten Schläuchen? [Flexible Inflation Target for Monetary Policy]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 101(1), pages 58-62, January.
    2. Friedrich Sell, 2001. "The European stability pact under scrutiny," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 36(6), pages 286-288, November.
    3. Sell, Friedrich L. & Stratmann, Felix, 2011. "Downs' ökonomische Theorie der Demokratie 2.0: Politische Präferenzen und Gleichheitsaversion," Working Papers in Economics 2011,1, Bundeswehr University Munich, Economic Research Group.
    4. Sell, Friedrich L., 2004. "Confidence and the Erosion of Confidence: Economic Functions and Effects," Working Papers in Economics 2004,1, Bundeswehr University Munich, Economic Research Group.
    5. Sell, Friedrich L., 2002. "Optimism, pessimism and the unforeseen: Modelling an endogenous business cycle driven by strong beliefs," Working Papers in Economics 2002,1, Bundeswehr University Munich, Economic Research Group.

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