Logical Pitfalls of Assuming Bounded Solutions to Expectational Difference Equations
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References listed on IDEAS
- Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
- Aoki, Kosuke, 2001. "Optimal monetary policy responses to relative-price changes," Journal of Monetary Economics, Elsevier, vol. 48(1), pages 55-80, August.
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- David Eagle, 2005. "The Inflation Dynamics of Pegging Interest Rates," Macroeconomics 0502029, University Library of Munich, Germany.
- David Eagle, 2005. "Multiple Critiques of Woodford’s Model of a Cashless Economy," Macroeconomics 0504028, University Library of Munich, Germany.
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Keywordsexpectational difference equations; infinite horizons; Woodford's cashless economy; price indeterminacy; pegging interest rates;
- E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
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