Monetary Policy and Stable Indeterminacy with Inertia

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dc.contributor.authorEvans, George W., 1949-
dc.contributor.authorMcGough, Bruce
dc.date.accessioned2004-10-20T19:56:30Z
dc.date.available2004-10-20T19:56:30Z
dc.date.issued2004-03-29
dc.description9 p.en
dc.description.abstractWe examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and AS relations do not significantly impact the policy region containing stable sunspots.en
dc.description.sponsorshipNational Science Foundation, Grant No. 0136848.en
dc.format.extent174859 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/1794/236
dc.language.isoen_US
dc.publisherUniversity of Oregon, Dept. of Economicsen
dc.relation.ispartofseriesUniversity of Oregon Economics Department Working Papers;2004-4
dc.subjectMonetary policyen
dc.subjectSunspotsen
dc.subjectLearningen
dc.subjectStabilityen
dc.titleMonetary Policy and Stable Indeterminacy with Inertiaen
dc.typeWorking Paperen

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Economics Working Papers
Evans, George W.