Skip to main content

Research Repository

Advanced Search

Unconditionally Optimal Monetary Policy.

Damjanovic, T.; Damjanovic, V.; Nolan, C.

Authors

V. Damjanovic

C. Nolan



Abstract

We develop a simple and intuitive approach for analytically deriving unconditionally optimal (UO) policies, a topic of enduring interest in optimal monetary policy analysis. The approach can be employed in both general linear-quadratic problems and in the underlying non-linear environments. A detailed example is provided using a canonical New Keynesian framework.

Citation

Damjanovic, T., Damjanovic, V., & Nolan, C. (2008). Unconditionally Optimal Monetary Policy. Journal of Monetary Economics, 55(3), 491-500. https://doi.org/10.1016/j.jmoneco.2008.01.003

Journal Article Type Article
Publication Date 2008-04
Deposit Date Oct 6, 2014
Journal Journal of Monetary Economics
Print ISSN 0304-3932
Electronic ISSN 1873-1295
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 55
Issue 3
Pages 491-500
DOI https://doi.org/10.1016/j.jmoneco.2008.01.003
Public URL https://durham-repository.worktribe.com/output/1453165