Learning, Monetary Policy, and Housing Prices

This paper evaluates different types of simple monetary policy rules according to the determinacy and the learnability of rational expectations equilibrium criteria within a dynamic stochastic general equilibrium framework. Incorporating housing prices and collateralized borrowing into the standard...

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Bibliographic details
Volume: 12
Main Author: Kanik, Birol
Format: Journal Article
Language: English
Place of publication: Research and Monetary Policy Department, Central Bank of the Republic of Turkey 2012
published in: Central Bank Review Vol. 12; no. 1; pp. 13 - 36
Data of publication: 2012
Series: Central Bank Review
Online Access: available in Bonn?
Database: RePEc IDEAS
Database information Databases - DBIS