dc.contributor.author |
Evans, George W., 1949- |
|
dc.contributor.author |
McGough, Bruce |
|
dc.date.accessioned |
2004-10-20T19:56:30Z |
|
dc.date.available |
2004-10-20T19:56:30Z |
|
dc.date.issued |
2004-03-29 |
|
dc.identifier.uri |
http://hdl.handle.net/1794/236 |
|
dc.description |
9 p. |
en |
dc.description.abstract |
We 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.sponsorship |
National Science Foundation, Grant No. 0136848. |
en |
dc.format.extent |
174859 bytes |
|
dc.format.mimetype |
application/pdf |
|
dc.language.iso |
en_US |
|
dc.publisher |
University of Oregon, Dept. of Economics |
en |
dc.relation.ispartofseries |
University of Oregon Economics Department Working Papers;2004-4 |
|
dc.subject |
Monetary policy |
en |
dc.subject |
Sunspots |
en |
dc.subject |
Learning |
en |
dc.subject |
Stability |
en |
dc.title |
Monetary Policy and Stable Indeterminacy with Inertia |
en |
dc.type |
Working Paper |
en |