Research Discussion Paper – RDP 2006-02 Term Structure Rules for Monetary Policy

Contents

• Introduction
• The New Keynesian Model
• Equilibrium Determinacy
• Optimal Monetary Policy Rules
• Conclusion
• References

I wish to thank Peter Ireland, Kit Baum, and Fabio Schiantarelli for many useful discussions. I also wish to thank Christopher Kent, Kristoffer Nimark, and colleagues at the Reserve Bank for helpful suggestions. The views expressed in this paper are those of the author and should not be attributed to the Reserve Bank of Australia. Any errors are my own.