3 pages matching rational expectations in this book
Results 1-3 of 3
What people are saying - Write a review
We haven't found any reviews in the usual places.
Avoiding liquidity traps balanced-budget rule Benhabib bound on nominal central bank Clarida consumption and real converge to infinity converge to zero cost of holding determinacy differential equation eliminates the liquidity eliminating liquidity traps equation 15 equilibrium dynamics equilibrium outcomes exists fiscal policy rule fiscal regime Fisher equation Gesell tax growth rate rule holding money implies increase inflation rate intended steady interest rate feedback interest-rate feedback rule intertemporal budget constraint low-inflation steady marginal utility Mark Gertler monetary policy takes money growth rate nominal government liabilities nominal interest rate opportunity cost paths perfect-foresight equilibrium phase diagram R(nL rate feedback rule rate of inflation rational expectations real balances real interest rate represents a perfect-foresight Ricardian fiscal policy rule out liquidity satisfied Schmitt-Grohe and Uribe steady-state equilibrium takes the form Taylor rule Taylor target Taylor-type total government liabilities transversality condition 17 unintended utility function utility of consumption Woodford zero bound