INFLATION RISK AND OPTIMAL MONETARY POLICY

DOI10.1017/S1365100509080110MaRDI QIDQ3397763zbMATH OpenOpenAlexFDO

Authors William T. Gavin, Benjamin D. Keen, Michael R. Pakko

Publication date 25 September 2009

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/s1365100509080110

zbMATH Keywords

inflation risknominal rigiditiesoptimal monetary policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Inflation-targeting, price-path targeting and indeterminacy
• Tobin's Marginal q and Average q: A Neoclassical Interpretation

Cited in

(22)

• Optimum currency areas under inflation targeting
• Optimal inflation rates with the trending relative price of investment
• Optimal monetary policy with capital and a financial accelerator
• Inflation risk premia and risk-adjusted expectations of inflation
• Optimal contracts for central bankers: calls on inflation
• How to avoid the consequences of anticipated monetary policies
• Optimal monetary policy under inflation targeting based on an instrument rule.
• Financial openness, nontradable inflation and optimal monetary policy
• On the risk of long-run deflation
• Pricing policies and inflation dynamics
• The signal extraction problem revisited: a note on its impact on a model of monetary policy
• Monetary policy when wages are downwardly rigid: Friedman meets Tobin
• Inflation Variability and Gradualist Monetary Policy
• The optimal inflation rate in New Keynesian models: should central banks raise their inflation targets in light of the zero lower bound?
• A dynamic portfolio approach to asset markets and monetary policy
• Extreme events and optimal monetary policy
• INFLATION AND FINANCIAL DEPTH
• Electing monetary policymakers according to inflation performance
• The risk premium in New Keynesian DSGE models: the cost of inflation channel
• Optimal disinflationary paths
• Optimal price setting and inflation inertia in a rational expectations model
• Optimal monetary policy with imperfect unemployment insurance

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