The neutrality of systematic monetary policy in models with a disequilibrium price level |
| |
Authors: | David Nickerson |
| |
Institution: | Duke University, Durham, NC 27706, USA |
| |
Abstract: | A condition is offered which is necessary and sufficient for the neutrality of aggregate output and the real rate of interest with respect to systematic monetary policy in a general class of stochastic macroeconomic models with rational expectations, additive disturbances, lagged information and a disequilibrium price sequence. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |
|