Discretionary monetary policy in the Calvo model (Q4629416)

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scientific article; zbMATH DE number 7043029
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Discretionary monetary policy in the Calvo model
scientific article; zbMATH DE number 7043029

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    Discretionary monetary policy in the Calvo model (English)
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    27 March 2019
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    time-consistent optimal monetary policy
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    discretion
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    Markov-perfect equilibrium
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    sticky prices
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    relative price distortion
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