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Inflation / Monetary policy / Macroeconomic policy / Macroeconomic model / Lucas critique / Dynamic stochastic general equilibrium / Rational expectations / Real interest rate / Disinflation / Macroeconomics / Economics / New classical macroeconomics


ASYMMETRIC EXPECTATION EFFECTS OF REGIME SHIFTS IN MONETARY POLICY ZHENG LIU, DANIEL F. WAGGONER, AND TAO ZHA Abstract. This paper addresses two substantive issues: (1) Does the magnitude of the expectation effect of reg
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Document Date: 2008-11-05 22:47:04

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City

San Francisco / Atlanta / Minneapolis / /

Company

Et Rt Pt Pt / /

IndustryTerm

sunspot solutions / closed-form solutions / equilibrium solution / closed-form solution / particular equilibrium selection device / steady-state solution / technology shock / /

Organization

US Federal Reserve / /

Person

Waggoner / Marc Giannoni / Michael Golosov / Bt / Svensson / Roger Farmer / Richard Rogerson / David Backus / Jeff Campbell / V / Eric Swanson / John Williams / Joan Gieseke / Jean Boivin / Alejandro Justiniano / ZHENG LIU / Marvin Goodfriend / /

Position

King / st Yt eεrt / Farmer / nominal interest rate Rt / Rt / term εrt / representative / /

PublishedMedium

Review of Economic Dynamics / /

SocialTag