A Note on Simple MSV Solution Methods for Rational Expectations Models of Monetary Policy

Richard Mash ()

No 173, Economics Series Working Papers from University of Oxford, Department of Economics

Abstract: We analyse the derivation of optimal monetary policy under discretion and commitment when lagged expectations appear in the Phillips curve, making use of the comparatively simple MSV approach which does not require transformation of the model into state-space form.

Keywords: Monetary Policy; Rational Expectations; Solution Methods; Minimal State Variable; Undetermined Coefficients. (search for similar items in EconPapers)
JEL-codes: C61 E52 E58 (search for similar items in EconPapers)
Date: 2003-10-01
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Citations: View citations in EconPapers (3)

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