[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
create a website
Discreet Commitments and Discretion of Policymakers with Private Information. (2010). Mertens, Elmar.
In: 2010 Meeting Papers.
RePEc:red:sed010:763.

Full description at Econpapers || Download paper

Cited: 3

Citations received by this document

Cites: 49

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Optimized Taylor Rules for Disinflation When Agents are Learning. (2014). Sbordone, Argia ; Matthes, Christian ; Cogley, Timothy.
    In: Working Paper.
    RePEc:fip:fedrwp:14-07.

    Full description at Econpapers || Download paper

  2. Optimal Disinflation Under Learning. (2011). Sbordone, Argia ; Matthes, Christian ; Cogley, Timothy.
    In: 2011 Meeting Papers.
    RePEc:red:sed011:74.

    Full description at Econpapers || Download paper

  3. Optimal disinflation under learning. (2011). Sbordone, Argia ; Matthes, Christian ; Cogley, Timothy.
    In: Staff Reports.
    RePEc:fip:fednsr:524.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Albert Marcet and Thomas J Sargent. Convergence of least-squares learning in environments with hidden state variables and private information. Journal of Political Economy, 97(6):1306–22, December 1989b.

  2. Albert Marcet and Thomas J. Sargent. Convergence of least squares learning mechanisms in selfreferential linear stochastic models. Journal of Economic Theory, 48(2):337–368, August 1989a.

  3. Alex Cukierman and Allan H. Meltzer. A theory of ambiguity, credibility, and inflation under discretion and asymmetric information. Econometrica, 54(5):1099–1128, September 1986.

  4. Alex Cukierman and Nissan Liviatan. Optimal accommodation by strong policymakers under incomplete information. Journal of Monetary Economics, 27(1):99–127, February 1991.

  5. Athanasios Orphanides and John C. Williams. Monetary policy with imperfect knowledge. Journal of the European Economic Association, 4(2-3):366–375, 04-05 2006. Joseph Pearlman, David Currie, and Paul Levine. Rational expectations models with partial information.

  6. Athanasios Orphanides. Monetary policy rules based on real-time data. American Economic Review, 91(4):964–985, September 2001. Athanasios Orphanides and John C. Williams. Inflation scares and forecast-based monetary policy.

  7. Burton A. Abrams. How richard nixon pressured arthur burns: Evidence from the nixon tapes. Journal of Economic Perspectives, 20(4):177–188, Fall 2006.

  8. Carl E. Walsh. Market discipline and monetary policy. Oxford Economic Papers, 52(2):249–271, April 2000.

  9. Carl E. Walsh. Monetary Theory and Policy. The MIT Press, Cambridge, MA, 2nd edition edition, 2003.

  10. Christopher J. Erceg and Andrew T. Levin. Imperfect credibility and inflation persistence. Journal of Monetary Economics, 50(4):915–944, May 2003.

  11. David Backus and John Driffill. Rational expectations and policy credibility following a change in regime. The Review of Economic Studies, 52(2):211–221, April 1985.

  12. Dimitri P. Bertsekas. Dynamic Programming and Control, volume I. Athena Scientific, Belmont, MA, 3rd edition edition, 2005.
    Paper not yet in RePEc: Add citation now
  13. Drew Fudenberg and David K. Levine. Self-confirming equilibrium. Econometrica, 61(3):523– 545, May 1993.

  14. Elmar Mertens. Managing beliefs about monetary policy under discretion. mimeo, Federal Reserve Board, February 2009.

  15. Evan W. Anderson, Lars Peter Hansen, Ellen R. McGrattan, and Thomas J. Sargent. On the mechanics of forming and estimating dynamic linear economies. Staff Report 198, Federal Reserve Bank of Minneapolis, 1995. Also published as Chapter in the Handbook of Computational Economics (1996).

  16. Finn E. Kydland and Edward C. Prescott. Dynamic optimal taxation, rational expectations and optimal control. Journal of Economic Dynamics and Control, 2(1):79–91, May 1980.

  17. Finn E. Kydland and Edward C. Prescott. Rules rather than discretion: The inconsistency of optimal plans. The Journal of Political Economy, 85(3):473–492, June 1977.

  18. G.A. Calvo. Staggerd prices in a utility-maximizing framework. Journal of Monetary Economics, 12(3):383–398, 1983.

  19. George W. Evans and Seppo Honkapohja. Learning and Expectations in Marcoeconomics. Princeton University Press, Princeton, NJ, 2001. xviii Jon Faust and Lars E O Svensson. Transparency and credibility: Monetary policy with unobservable goals. International Economic Review, 42(2):369–97, May 2001.

  20. Jan R. Magnus and Heinz Neudecker. Matrix Differential Calculus with Applications in Statistics and Econometrics. Wiley Series in Probability and Statistics. John Wiley & Sons, 1988. xix Albert Marcet and Ramon Marimon. Recursive contracts. Economics Working Papers 337, Department of Economics and Business, Universitat Pompeu Fabra, October 1998.
    Paper not yet in RePEc: Add citation now
  21. Jean Michel Grandmont. Temporary general equilibrium theory. Econometrica, 45(3):535–572, apr 1977.

  22. Jon Faust and Lars E O Svensson. The equilibrium degree of transparency and control in monetary policy. Journal of Money, Credit and Banking, 34(2):520–39, May 2002.

  23. Jordi Gali. New perspectives on monetary policy, inflation, and the business cycle. In Mathias Dewatripont, Lars Peter Hansen, and Stephen J. Turnovsky, editors, Advances in Economics and Econometrics: Theory and Applications, Eighth World Congress of the Econometric Society, chapter 6, pages 151–197. Cambridge University Press, Cambridge, UK, 2003.
    Paper not yet in RePEc: Add citation now
  24. Kenneth Rogoff. Reputation, coordination and monetary policy. In Robert J. Barro, editor, Modern Business Cycle Theory, chapter 6. Harvard University Press, Cambridge, MA, 1989.
    Paper not yet in RePEc: Add citation now
  25. Kosuke Aoki. On the optimal monetary policy response to noisy indicators. Journal of Monetary Economics, 50(3):501–523, April 2003.

  26. Kosuke Aoki. Optimal commitment policy under noisy information. Journal of Economic Dynamics and Control, 30(1):81–109, January 2006.

  27. Lars E. O. Svensson and Michael Woodford. Indicator variables for optimal policy under asymmetric information. Journal of Economic Dynamics and Control, 28(4):661–690, January 2004. xx Lars E. O. Svensson and Michael Woodford. Optimal policy with partial information in a forwardlooking model: Certainty-equivalence redux. NBER Working Papers 9430, National Bureau of Economic Research, Inc, January 2003b.

  28. Lars E. O. Svensson and Michael Woodford. Indicator variables for optimal policy. Journal of Monetary Economics, 50(3):691–720, April 2003a.

  29. Lars E.O. Svensson. Optimization under commitment and discretion, the recursive saddlepoint method, and targeting rules and instrument rules: Lecture notes. mimeo, June 2007. Lars E.O. Svensson and Noah Williams. Bayesian and adaptive optimal policy under model uncertainty.

  30. Lars Peter Hansen and Scott F. Richard. The role of conditioning information in deducing testable restrictions implied by dynamic asset pricing models. Econometrica, 55(3):587–613, May 1987.

  31. Laurence Ball. Time-consistent policy and persistent changes in inflation. Journal of Monetary Economics, 36(2):329–350, November 1995.

  32. Michael Woodford. Interest and Prices. Princeton University Press, Princeton, NJ, 2003.
    Paper not yet in RePEc: Add citation now
  33. Oliver Jean Blanchard and Charles M. Kahn. The solution of linear difference models under rational expectations. Econometrica, 48(5):1305–1312, July 1980.

  34. Paul Klein. Using the generalized schur form to solve a multivariate linear rational expectations model. Journal of Economic Dynamics and Control, 24(10):1405–1423, September 2000.

  35. Paul Söderlind. Solution and estimation of re macromodels with optimal policy. European Economic Review, 43(4-6):813–823, April 1999.
    Paper not yet in RePEc: Add citation now
  36. Peter Whittle. Optimal Control, Basics and Beyond. Wiley-Interscience Series in Systems and Optimization. John Wiley & Sons, Chichester, 1996.
    Paper not yet in RePEc: Add citation now
  37. Richard Clarida, Jordi Gali, and Mark Gertler. The science of monetary policy: A new keynesian perspective. Journal of Economic Literature, 37:1661–1707, December 1999.

  38. Robert G. King and Alexander L. Wolman. Inflation targeting in a st. louis model of the 21st century. Review, 78(3):83–107, May/June 1996.

  39. Robert G. King and Mark W. Watson. The solution of singular linear difference systems under rational expectations. Internatinal Economic Review, 39(4):1015–1026, November 1998.

  40. Robert G. King and Marvin Goodfriend. The new neoclassical synthesis and the role of monetary policy. In Ben S. Bernanke and Julio J. Rotemberg, editors, NBER Macroeconomics Annual 1997, pages 231–283. The MIT Press, Cambridge (MA), 1997.

  41. Robert G. King, Yang K. Lu, and Ernesto S. Pasten. Managing expectations. Journal of Money, Credit and Banking, 40(8):1625–1666, 2008.

  42. Robert J. Barro and David B. Gordon. Rules, discretion and reputation in a model of monetary policy. Journal of Monetary Economics, 12:101–121, July 1983.

  43. Tack Yun. Nominal price rigidity, money supply endogeneity, and business cycles. Journal of Monetary Economics, 37(2):345–370, April 1996.

  44. Thomas J. Sargent. Equilibrium with signal extraction from endogenous variables. Journal of Economic Dynamics and Control, 15(2):245–273, April 1991.

  45. Thomas J. Sargent. Macroeconomic Theory. Economic Theory, Econometrics, and Mathematical Economics. Academic Press, New York, 2nd edition, 1987.
    Paper not yet in RePEc: Add citation now
  46. Thomas J. Sargent. The Conquest of American Inflation. Princeton University Press, Princeton (NJ), 1999.
    Paper not yet in RePEc: Add citation now
  47. Torsten Persson and Guido Tabellini. Political Economics. Zeuthen lecture book series. The MIT Press, Cambridge, MA, 2000.
    Paper not yet in RePEc: Add citation now
  48. V. V. Chari and Patrick J. Kehoe. Sustainable plans. The Journal of Political Economy, 98(4): 783–802, August 1990.

  49. Vitor Gaspar, Frank Smets, and David Vestin. Adaptive learning, persistence, and optimal monetary policy. Journal of the European Economic Association, 4(2-3):376–385, 04-05 2006.

Cocites

Documents in RePEc which have cited the same bibliography

  1. Government debt, learning and the term structure. (2015). Sinha, Arunima.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:53:y:2015:i:c:p:268-289.

    Full description at Econpapers || Download paper

  2. Strategic interactions, incomplete information and learning. (2012). Berardi, Michele.
    In: MPRA Paper.
    RePEc:pra:mprapa:38651.

    Full description at Econpapers || Download paper

  3. Long-Term Debt Pricing and Monetary Policy Transmission under Imperfect Knowledge. (2012). Preston, Bruce ; Giannoni, Marc ; Eusepi, Stefano.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:8845.

    Full description at Econpapers || Download paper

  4. Regime shifts: early warnings. (2012). Massaro, D..
    In: CeNDEF Working Papers.
    RePEc:ams:ndfwpp:12-02.

    Full description at Econpapers || Download paper

  5. Learning and judgment shocks in U.S. business cycles. (2011). Murray, James.
    In: MPRA Paper.
    RePEc:pra:mprapa:29257.

    Full description at Econpapers || Download paper

  6. On the Evolutionary Stability of Rational Expectations. (2011). Waters, George ; Parke, William R..
    In: Working Paper Series.
    RePEc:ils:wpaper:20111002.

    Full description at Econpapers || Download paper

  7. Optimal disinflation under learning. (2011). Sbordone, Argia ; Matthes, Christian ; Cogley, Timothy.
    In: Staff Reports.
    RePEc:fip:fednsr:524.

    Full description at Econpapers || Download paper

  8. Managing beliefs about monetary policy under discretion. (2010). Mertens, Elmar.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2010-11.

    Full description at Econpapers || Download paper

  9. Inflation persistence. (2009). Fuhrer, Jeffrey.
    In: Working Papers.
    RePEc:fip:fedbwp:09-14.

    Full description at Econpapers || Download paper

  10. Stabilizing Expectations under Monetary and Fiscal Policy Coordination. (2008). Preston, Bruce ; Eusepi, Stefano.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14391.

    Full description at Econpapers || Download paper

  11. Expectations, Learning and Business Cycle Fluctuations. (2008). Preston, Bruce ; Eusepi, Stefano.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:14181.

    Full description at Econpapers || Download paper

  12. Initial Expectations in New Keynesian Models with Learning. (2008). Murray, James.
    In: CAEPR Working Papers.
    RePEc:inu:caeprp:2008-017.

    Full description at Econpapers || Download paper

  13. Stabilizing expectations under monetary and fiscal policy coordination. (2008). Preston, Bruce ; Eusepi, Stefano.
    In: Staff Reports.
    RePEc:fip:fednsr:343.

    Full description at Econpapers || Download paper

  14. Expected life-time utility and hedging demands in a partially observable economy. (2008). Lundtofte, Frederik.
    In: European Economic Review.
    RePEc:eee:eecrev:v:52:y:2008:i:6:p:1072-1096.

    Full description at Econpapers || Download paper

  15. Learning Hyperinflations. (2007). Christev, Atanas.
    In: Money Macro and Finance (MMF) Research Group Conference 2006.
    RePEc:mmf:mmfc06:126.

    Full description at Econpapers || Download paper

  16. Learning Hyperinflations. (2006). Christev, Atanas.
    In: Computing in Economics and Finance 2006.
    RePEc:sce:scecfa:475.

    Full description at Econpapers || Download paper

  17. Learning Stability in Economies with Heterogeneous Agents. (2006). Mitra, Kaushik ; Honkapohja, Seppo.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:9:y:2006:i:2:p:284-309.

    Full description at Econpapers || Download paper

  18. Self-organization and the persistence of noise in financial markets. (2006). Goldbaum, David.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:30:y:2006:i:9-10:p:1837-1855.

    Full description at Econpapers || Download paper

  19. Learning the inflation target. (2005). Nunes, Ricardo.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0504033.

    Full description at Econpapers || Download paper

  20. Expectation Formation and Endogenous Fluctuations in Aggregate Demand. (2005). Dudek, Maciej.
    In: Computing in Economics and Finance 2005.
    RePEc:sce:scecf5:263.

    Full description at Econpapers || Download paper

  21. Learning about Monetary Policy Rules when Long-Horizon Expectations Matter. (2005). Preston, Bruce.
    In: MPRA Paper.
    RePEc:pra:mprapa:830.

    Full description at Econpapers || Download paper

  22. Learning about Monetary Policy Rules when Long-Horizon Expectations Matter. (2005). Preston, Bruce.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2005:q:3:a:3.

    Full description at Econpapers || Download paper

  23. Market efficiency and learning in an endogenously unstable environment. (2005). Goldbaum, David.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:29:y:2005:i:5:p:953-978.

    Full description at Econpapers || Download paper

  24. On the Possibility of Informationally Efficient Markets: Part b. (2004). Goldbaum, David.
    In: Working Papers Rutgers University, Newark.
    RePEc:run:wpaper:2004-011.

    Full description at Econpapers || Download paper

  25. On the Possibility of Informationally Efficient Markets. (2004). Goldbaum, David.
    In: Working Papers Rutgers University, Newark.
    RePEc:run:wpaper:2004-009.

    Full description at Econpapers || Download paper

  26. Expectation Formation and Endogenous Fluctuations in Aggregate Demand. (2004). Dudek, Maciej.
    In: Econometric Society 2004 Latin American Meetings.
    RePEc:ecm:latm04:103.

    Full description at Econpapers || Download paper

  27. Are Structural Estimates of Auction Models Reasonable? Evidence from Experimental Data. (2003). Hortacsu, Ali ; Bajari, Patrick.
    In: Working Papers.
    RePEc:wop:stanec:03002.

    Full description at Econpapers || Download paper

  28. Heterogeneous Learning. (2003). Giannitsarou, Chryssi.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:4:p:885-906.

    Full description at Econpapers || Download paper

  29. Learning process and rational expectations: an analysis using a small macroeconomic model for New Zealand. (2003). Basdevant, Olivier.
    In: Reserve Bank of New Zealand Discussion Paper Series.
    RePEc:nzb:nzbdps:2003/05.

    Full description at Econpapers || Download paper

  30. Are Structural Estimates of Auction Models Reasonable? Evidence from Experimental Data. (2003). Hortacsu, Ali ; Bajari, Patrick.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9889.

    Full description at Econpapers || Download paper

  31. Robust-H_infinity Forecasting and Asset Pricing Anomalies (December 2001). (2003). Tornell, Aaron.
    In: UCLA Economics Online Papers.
    RePEc:cla:uclaol:237.

    Full description at Econpapers || Download paper

  32. Learning Stability in Economies with Heterogenous Agents. (2002). Mitra, Kaushik ; Honkapohja, Seppo.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_772.

    Full description at Econpapers || Download paper

  33. Fuzzy inductive reasoning, expectation formation and the behavior of security prices. (2001). Linn, Scott ; Tay, Nicholas S. P., .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:25:y:2001:i:3-4:p:321-361.

    Full description at Econpapers || Download paper

  34. Desirability of Nominal GDP Targeting Under Adaptive Learning. (2000). Mitra, Kaushik.
    In: Discussion Papers.
    RePEc:yor:yorken:00/60.

    Full description at Econpapers || Download paper

  35. Determinacy, Learnability, and Monetary Policy Inertia. (2000). Mitra, Kaushik ; Bullard, James.
    In: Discussion Papers.
    RePEc:yor:yorken:00/43.

    Full description at Econpapers || Download paper

  36. Learning About Monetary Policy Rules. (2000). Mitra, Kaushik ; Bullard, James.
    In: Discussion Papers.
    RePEc:yor:yorken:00/41.

    Full description at Econpapers || Download paper

  37. Introduction. (2000). Rustichini, Aldo ; Levine, David.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:3:y:2000:i:2:p:213-215.

    Full description at Econpapers || Download paper

  38. Introduction: The Dynamic Games Special Issue. (2000). Rustichini, Aldo ; Levine, David.
    In: Levine's Working Paper Archive.
    RePEc:cla:levarc:2127.

    Full description at Econpapers || Download paper

  39. - PRIVATE EXPERIENCE IN ADAPTIVE LEARNING MODELS. (1998). Perez, Felipe.
    In: Working Papers. Serie AD.
    RePEc:ivi:wpasad:1998-03.

    Full description at Econpapers || Download paper

  40. Dynamic portfolio choice and asset pricing with differential information. (1998). ZHOU, CHUNSHENG.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:22:y:1998:i:7:p:1027-1051.

    Full description at Econpapers || Download paper

  41. Monetary Policy Rules with Model and Data Uncertainty. (1998). Swanson, Norman ; Ghysels, Eric ; Callan, Myles.
    In: CIRANO Working Papers.
    RePEc:cir:cirwor:98s-40.

    Full description at Econpapers || Download paper

  42. An Econometric Analysis of Polish Inflation Dynamics with Learning about Rational Expectations. (1997). .
    In: Economic Change and Restructuring.
    RePEc:kap:ecopln:v:30:y:1997:i:2:p:221-238.

    Full description at Econpapers || Download paper

  43. The effect of the time-structure of information on the expectational-stability of rational expectations. (1997). Roberts, Mark A..
    In: Economics Letters.
    RePEc:eee:ecolet:v:57:y:1997:i:2:p:157-162.

    Full description at Econpapers || Download paper

  44. On aggregation of information in competitive markets: The dynamic case. (1997). Naik, Narayan Y..
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:21:y:1997:i:7:p:1199-1227.

    Full description at Econpapers || Download paper

  45. E-equilibria and adaptive expectations: Output and inflation in the LBS model. (1997). Hall, Stephen ; Garratt, Anthony.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:21:y:1997:i:7:p:1149-1171.

    Full description at Econpapers || Download paper

  46. Private Experience in Adaptive Learning Models. (1997). Perez, Felipe.
    In: Levine's Working Paper Archive.
    RePEc:cla:levarc:1403.

    Full description at Econpapers || Download paper

  47. Least squares learning with heterogeneous expectations. (1996). Honkapohja, Seppo ; Evans, George.
    In: Economics Letters.
    RePEc:eee:ecolet:v:53:y:1996:i:2:p:197-201.

    Full description at Econpapers || Download paper

  48. A note on least-squares learning mechanism. (1995). Chang, M. C. ; Lin, Kenneth S. ; Chu, C. Y. Cyrus, .
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:19:y:1995:i:5-7:p:1293-1296.

    Full description at Econpapers || Download paper

  49. Learning equilibria. (1991). Bullard, James.
    In: Working Papers.
    RePEc:fip:fedlwp:1991-004.

    Full description at Econpapers || Download paper

  50. The Lucas Critique Policy Invariance and Multiple Equilibria. (1989). Farmer, Roger.
    In: UCLA Economics Working Papers.
    RePEc:cla:uclawp:551.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-07-15 19:06:18 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated July, 2 2024. Contact: Jose Manuel Barrueco.