05-098/2 - Discretionary Policy, Multiple Equilibria, and Monetary Instruments

• Author
  Andreas Schabert, Faculty of Economics and Econometrics, Universiteit van Amsterdam
• Publication date
  October 21, 2005

• Keywords
  Monetary policy implementation; optimal discretionary policy; history dependence; equilibrium indeterminacy; money growth policy
• JEL
  E52; E51; E32