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Monetary Policy and Real Stabilization [PDF]
Monetary policy can achieve average inflation equal to a given inflation target and, at best, a good compromise between inflation variability and output-gap variability. Monetary policy cannot completely stabilize either inflation or the output gap. Increased credibility in the form of inflation expectations anchored on the inflation target will reduce
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Optimal Stabilizing and Destabilizing “Stabilization” Policies
1986We consider a dynamic Phillips curve model of the trade-off between unemployment and inflation subject to exogenous regular fluctuations of aggregate demand, which can be influenced by demand management policies. Optimal “stabilization” policies both for an “altruistic” and an “egoistic” government are derived by optimal control methods.
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Stabilization Policies in Interdependent Economies
The Canadian Journal of Economics, 1973J. L. Ford, E. Claassen, P. Salin
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Monetary and macroprudential policies, output, prices, and financial stability
International Review of Economics and Finance, 2022Jianli Sui, Biying Liu, Zhigang Li
exaly
On the stability of local scheduling policies in networks of packet switches with input queues
IEEE Journal on Selected Areas in Communications, 2003Paolo Giaccone, Emilio Leonardi
exaly

