Identifying the nonlinear correlation between business cycle and monetary policy rule: Evidence from China and the US

D Liu, N Xu, T Zhao, Y Song - Economic Modelling, 2018 - Elsevier
This paper conducts an empirical study on the interest rate behavior of monetary authorities
in China and the United States. First, by using a multiple-threshold model, we find that …

Learning, Central Bank Conservatism, and Stock Price Dynamics

MC André, M Dai - The BE Journal of Macroeconomics, 2023 - degruyter.com
This paper studies how adaptive learning affects the interactions between monetary policy,
stock prices and the optimal degree of Rogoff conservatism in a New Keynesian DSGE …

[HTML][HTML] Optimal robust monetary policy in a small open emerging-market economy

MC André, SM Espidio - Latin American Journal of Central Banking, 2024 - Elsevier
We study for a benchmark small open emerging economy an optimal robust monetary policy
à la Hansen and Sargent (2003) considering additive model uncertainty. The robust control …

Learning, robust monetary policy and the merit of precaution

MC André, M Dai - The BE Journal of Macroeconomics, 2018 - degruyter.com
We study in a New Keynesian framework the consequences of adaptive learning for the
design of robust monetary policy. Compared to rational expectations, the fact that private …

[PDF][PDF] Optimal robust monetary policy in a small open emerging economy: the case of Mexico

MC André, SM Espidio - 2022 - cemla.org
We study for a benchmark small open emerging economy an optimal robust monetary policy
à la Hansen and Sargent (2003) considering additive model uncertainty. The robust control …

The limits to robust monetary policy in a small open economy with learning agents

MC André, M Dai - 2020 - econstor.eu
We study the impact of adaptive learning for the design of a robust monetary policy using a
small open-economy New Keynesian model. We find that slightly departing from rational …

[引用][C] Can in ation contract discipline central bankers when agents are learning?