| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 966556 | Journal of Monetary Economics | 2011 | 14 Pages |
Abstract
⺠Projections for a given interest rate path are often inconsistent with uniqueness. ⺠I describe how to construct projections immune to the indeterminacy problem. ⺠But different projections may arise, despite an identical interest rate path. ⺠By contrast, projections based on the actual policy rule are unique.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jordi GalÃ,