Professor Tatiana Damjanovic tatiana.damjanovic@durham.ac.uk
Professor
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.
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 |
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