Unconditionally Optimal Monetary Policy.

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

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