Constant interest rate projections without the curse of indeterminacy
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- dc.contributor.author Galí, Jordi, 1961-ca
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T10:50:18Z
- dc.date.available 2017-07-26T10:50:18Z
- dc.date.issued 2007-08-01
- dc.date.modified 2017-07-23T02:11:29Z
- dc.description.abstract Constant interest rate (CIR) projections are often criticized on the grounds that they are inconsistent with the existence of a unique equilibrium in a variety of forward-looking models. This note shows how to construct CIR projections that are not subject to that criticism, using a standard New Keynesian model as a reference framework.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1057
- dc.identifier.uri http://hdl.handle.net/10230/371
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 1057
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword interest rate peg
- dc.subject.keyword in.ation targeting
- dc.subject.keyword conditional forecasts
- dc.subject.keyword interest rate rules
- dc.subject.keyword multiple equilibria
- dc.subject.keyword Macroeconomics and International Economics
- dc.title Constant interest rate projections without the curse of indeterminacyca
- dc.type info:eu-repo/semantics/workingPaper