Strategic deviations in optimal monetary policy
Abstract This paper investigates the circumstances under which a central bank is more or less likely to deviate from the optimal monetary policy rule. The research question is addressed in a simple New Keynesian dynamic stochastic general equilibrium (DSGE) model in which monetary policy deviations...
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| Format: | Article |
| Language: | English |
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SpringerOpen
2021-06-01
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| Series: | Swiss Journal of Economics and Statistics |
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| Online Access: | https://doi.org/10.1186/s41937-021-00071-3 |