Biography:

One of their most recent publications is Active monetary policy and instability in a phillips curve system. Which was published in journal Journal of Macroeconomics.

More information about Juan D. Montoro research including statistics on their citations can be found on their Copernicus Academic profile page.

Juan D. Montoro's Articles: (1)

Active monetary policy and instability in a phillips curve system

The presence of nonlinearities in a Phillips curve system yields to complex dynamics, i.e., cyclical behavior that may (under some parametric set) become chaotic. This paper extends these conclusions by including an active monetary policy. We show how stabilization policy may lead to amplified instabilities and that agents' expectations tend to play a key role in the amount of these instabilities.

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