Monetary policy rules：Forward-looking and backward-looking in an overlapping generations model  

作　　者：陈家清 刘次华 

机构地区：[1]Department of Mathematics, Huazhong University of Science and Technology, Wuhan 430074, P.R. China

出　　处：《Journal of Shanghai University(English Edition)》2006年第4期319-324,共6页上海大学学报（英文版）

基　　金：Project supported by National Natural Science Foundation of China （Grant No. 70071012）

摘　　要：In the framework of an overlapping generations model, forward-looking monetary policy roles and backward-looking monetary policy rules were investigated. It is shown that the monetary steady state is more likely to be indeterminate under an active forwardlooking rule than under the corresponding backward-looking rule. It is also shown that backward-looking roles can render the monetary steady state unstable.In the framework of an overlapping generations model, forward-looking monetary policy roles and backward-looking monetary policy rules were investigated. It is shown that the monetary steady state is more likely to be indeterminate under an active forwardlooking rule than under the corresponding backward-looking rule. It is also shown that backward-looking roles can render the monetary steady state unstable.

关 键 词：overlapping generations model forward-looking roles backward-looking rules monetary policy. 

分 类 号：F224[经济管理—国民经济]