Optimal non-linear monetary policy rules
We propose a simply yet flexible framework for the analysis of optimal monetary policy rules that produces the type of non-linear responses derived in the literature as special cases. Perhaps more importantly, our framework suggests a richer set of nonlinear responses than have been considered yet and thus may prompt further work in this area.
|Date of creation:||Jul 2006|
|Date of revision:|
|Contact details of provider:|| Postal: Brunel University, Uxbridge, Middlesex UB8 3PH, UK|
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