Managing monetary policy in a New Keynesian model with many beliefs types

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• 作者：Nicolò ; Pecora^a ; ^{nicolo.pecora@unicatt.it} ; Alessandro Spelta^b ; ^{alessandro.spelta@unicatt.it}
• 关键词：E52 ; D83 ; D84 ; C62
• 刊名：Economics Letters
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：150
• 期：Complete
• 页码：53-58
• 全文大小：513 K
• 卷排序：150

文摘

A NK model with an arbitrarily large number of agents2˘019 beliefs is considered. The concept of Large Type Limit allows to get analytical results on stability. The intensity of choice and the spread of beliefs are crucial for monetary policy.