Swiss Journal of Economics and Statistics

, Volume 146, Issue 1, pp 127–130 | Cite as

Discussion of “Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis” by Bennett T. McCallum

Open Access


  1. Cochrane, John H. (2007), “Inflation Determination With Taylor Rules: A Critical Review”, Working Paper 13409, National Bureau of Economic Research.Google Scholar
  2. DeCanio, Stephen J. (1979), “Rational Expectations and Learning from Experience”, Quarterly Journal of Economics, 94, pp. 47–57.CrossRefGoogle Scholar
  3. Evans, George W. (1985), “Expectational Stability and the Multiple Equilibria Problem in Linear Rational Expectations Models”, Quarterly Journal of Economics, 100, pp. 1217–1233.CrossRefGoogle Scholar
  4. Evans, George W. and Seppo Honkapohja (1999), “Learning Dynamics”, in: John B. Taylor and Michael Woodford (ed.) Handbook of Macroeconomics, Amsterdam, pp. 449–542.Google Scholar
  5. Evans, George W. and Seppo Honkapohja (2001), Learning and Expecations in Microeconomics, Princeton.Google Scholar
  6. McCallum, Bennett T. (1983), “On Non-Uniqueness in Rational Expectations Models”, Journal of Monetary Economics, 11, pp. 139–168.CrossRefGoogle Scholar
  7. McCallum, Bennett T. (2003), “Multiple-Solution Indeterminacies in Monetary Policy Analysis”,Journal of Monetary Economics, 50, pp. 1153–1175.CrossRefGoogle Scholar
  8. McCallum, Bennett T. (2009), “Causality, Structure, and the Uniqueness of Rational Expectations Equilibria”, Working Paper 15234, National Bureau of Economic Research.Google Scholar
  9. Woodford, Michael (2003a), Interest and Prices, Princeton and Oxford.Google Scholar
  10. Woodford, Michael (2003b), “Comment on: Multiple-Solution Indeterminacies in Monetary Policy Analysis”, Journal of Monetary Economics, 50, pp. 1177–1188.CrossRefGoogle Scholar

Copyright information

© Swiss Society of Economics and Statistics 2010

Authors and Affiliations

  1. 1.Swiss National BankZürichSwitzerland

Personalised recommendations