Matches in SemOpenAlex for { <https://semopenalex.org/work/W2470409259> ?p ?o ?g. }
- W2470409259 abstract "We study monetary policy in a New Keynesian model with heterogeneity in expectations. Agents may choose from a continuum of forecasting rules and adjust their expectations based on relative past performance. The extent to which expectations are anchored to the fundamentals of the economy turns out to be crucial in determining whether the central bank (CB) can stabilize the economy. When expectations are strongly anchored, little is required of the CB for local stability. Only when expectations are unanchored, the Taylor principle becomes a necessary condition. More aggressive policy may however be required to prevent coordination on almost self-fulfilling optimism or pessimism. When the zero lower bound on the nominal interest rate (ZLB) is accounted for, the inflation target must furthermore be high enough, in order to prevent coordination on self-fulfilling liquidity traps and deflationary spirals." @default.
- W2470409259 created "2016-07-22" @default.
- W2470409259 creator A5025492327 @default.
- W2470409259 creator A5065911565 @default.
- W2470409259 date "2016-01-01" @default.
- W2470409259 modified "2023-09-23" @default.
- W2470409259 title "Managing heterogeneous and unanchored expectations: a monetary policy analysis" @default.
- W2470409259 cites W1513192518 @default.
- W2470409259 cites W1585441176 @default.
- W2470409259 cites W17388244 @default.
- W2470409259 cites W1966384122 @default.
- W2470409259 cites W1970641102 @default.
- W2470409259 cites W2017472965 @default.
- W2470409259 cites W2020134360 @default.
- W2470409259 cites W2052647713 @default.
- W2470409259 cites W2054420925 @default.
- W2470409259 cites W2101905150 @default.
- W2470409259 cites W2104801013 @default.
- W2470409259 cites W2136798818 @default.
- W2470409259 cites W2144395073 @default.
- W2470409259 cites W2145930759 @default.
- W2470409259 cites W2148925703 @default.
- W2470409259 cites W2152530165 @default.
- W2470409259 cites W2159051271 @default.
- W2470409259 cites W2159165668 @default.
- W2470409259 cites W2160763275 @default.
- W2470409259 cites W2163287545 @default.
- W2470409259 cites W2167929572 @default.
- W2470409259 cites W2171720247 @default.
- W2470409259 cites W2189139855 @default.
- W2470409259 cites W3125320916 @default.
- W2470409259 cites W3138749151 @default.
- W2470409259 hasPublicationYear "2016" @default.
- W2470409259 type Work @default.
- W2470409259 sameAs 2470409259 @default.
- W2470409259 citedByCount "0" @default.
- W2470409259 crossrefType "posted-content" @default.
- W2470409259 hasAuthorship W2470409259A5025492327 @default.
- W2470409259 hasAuthorship W2470409259A5065911565 @default.
- W2470409259 hasConcept C10688316 @default.
- W2470409259 hasConcept C111472728 @default.
- W2470409259 hasConcept C121332964 @default.
- W2470409259 hasConcept C126285488 @default.
- W2470409259 hasConcept C138885662 @default.
- W2470409259 hasConcept C154815372 @default.
- W2470409259 hasConcept C15744967 @default.
- W2470409259 hasConcept C162324750 @default.
- W2470409259 hasConcept C165556158 @default.
- W2470409259 hasConcept C183582576 @default.
- W2470409259 hasConcept C185824701 @default.
- W2470409259 hasConcept C189259953 @default.
- W2470409259 hasConcept C200941418 @default.
- W2470409259 hasConcept C202655504 @default.
- W2470409259 hasConcept C204017024 @default.
- W2470409259 hasConcept C2778078003 @default.
- W2470409259 hasConcept C2778222704 @default.
- W2470409259 hasConcept C2992735868 @default.
- W2470409259 hasConcept C33332235 @default.
- W2470409259 hasConcept C556758197 @default.
- W2470409259 hasConcept C77805123 @default.
- W2470409259 hasConcept C8112001 @default.
- W2470409259 hasConcept C84888623 @default.
- W2470409259 hasConcept C8573378 @default.
- W2470409259 hasConcept C88583849 @default.
- W2470409259 hasConcept C96016098 @default.
- W2470409259 hasConcept C9992130 @default.
- W2470409259 hasConceptScore W2470409259C10688316 @default.
- W2470409259 hasConceptScore W2470409259C111472728 @default.
- W2470409259 hasConceptScore W2470409259C121332964 @default.
- W2470409259 hasConceptScore W2470409259C126285488 @default.
- W2470409259 hasConceptScore W2470409259C138885662 @default.
- W2470409259 hasConceptScore W2470409259C154815372 @default.
- W2470409259 hasConceptScore W2470409259C15744967 @default.
- W2470409259 hasConceptScore W2470409259C162324750 @default.
- W2470409259 hasConceptScore W2470409259C165556158 @default.
- W2470409259 hasConceptScore W2470409259C183582576 @default.
- W2470409259 hasConceptScore W2470409259C185824701 @default.
- W2470409259 hasConceptScore W2470409259C189259953 @default.
- W2470409259 hasConceptScore W2470409259C200941418 @default.
- W2470409259 hasConceptScore W2470409259C202655504 @default.
- W2470409259 hasConceptScore W2470409259C204017024 @default.
- W2470409259 hasConceptScore W2470409259C2778078003 @default.
- W2470409259 hasConceptScore W2470409259C2778222704 @default.
- W2470409259 hasConceptScore W2470409259C2992735868 @default.
- W2470409259 hasConceptScore W2470409259C33332235 @default.
- W2470409259 hasConceptScore W2470409259C556758197 @default.
- W2470409259 hasConceptScore W2470409259C77805123 @default.
- W2470409259 hasConceptScore W2470409259C8112001 @default.
- W2470409259 hasConceptScore W2470409259C84888623 @default.
- W2470409259 hasConceptScore W2470409259C8573378 @default.
- W2470409259 hasConceptScore W2470409259C88583849 @default.
- W2470409259 hasConceptScore W2470409259C96016098 @default.
- W2470409259 hasConceptScore W2470409259C9992130 @default.
- W2470409259 hasOpenAccess W2470409259 @default.
- W2470409259 hasRelatedWork W1481800923 @default.
- W2470409259 hasRelatedWork W1530577480 @default.
- W2470409259 hasRelatedWork W1566153497 @default.
- W2470409259 hasRelatedWork W1586409840 @default.
- W2470409259 hasRelatedWork W2609080253 @default.
- W2470409259 hasRelatedWork W2792708746 @default.