Nonlinear Phillips curves, mixing feedback rules and the distribution of inflation and output

Article Abstract:

The performance of optimal rules is determined when the underlying relationship between inflation and the output gap is nonlinear. The analytical results reveal that the sign of the skewness of the distribution of inflation and output depends upon the nature of the nonlinearity.

Economics, Phillips curve, Economic theory

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Performance of inflation targeting based on constant interest rate projections

Article Abstract:

The properties of the different monetary policy rules in the presence of inertial demand and price behaviour are examined.

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Endogenous monetary policy with unobserved potential output

Article Abstract:

Monetary policies pertaining to policymakers uncertainty about fluctuations in output and inflation are analyzed.

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