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Unique equilibrium with single monetary instrument rules

Authors 
Ano de Divulgação 
2005
Código JEL 
E31 - Price Level; Inflation; Deflation
E40 - General
E52 - Monetary Policy (Targets, Instruments, and Effects)
E58 - Central Banks and Their Policies
E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization
Resumo 
We consider standard cash-in-advance monetary models and show that there are interest rate or money supply rules such that equilibria are unique. The existence of these single instrument rules depends on whether the economy has an infinite horizon or an arbitrarily large but finite horizon.
Link para documento 
Publicado como 
Unique Monetary Equilibria with Interest Rate Rules
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