Optimal Monetary Policy in Production Networks

DOI10.3982/ECTA18627MaRDI QIDQ6044993zbMATH OpenFDO

Authors Jennifer La'O, Alireza Tahbaz-Salehi

Publication date 26 May 2023

Published in Econometrica (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3982/ECTA18627

zbMATH Keywords

misallocationmonetary policynominal rigiditiesproduction networks

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Multisectoral models in economics (91B66)

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Cited in

(15)

• A note on optimal sectoral policies in production networks
• Production network structure and the impact of the monetary policy shocks: evidence from the OECD
• Monetary dynamics in a network economy
• ALTERNATIVE MONETARY POLICIES IN A TURNPIKE ECONOMY
• ON THE TIMING OF PRODUCTION DECISIONS IN MONETARY ECONOMIES
• Networks, Phillips curves, and monetary policy
• Input-output interactions and optimal monetary policy
• A macroeconomic model of structural monetary policy in China
• Empirical investigation of a sufficient statistic for monetary shocks
• Rational expectations models with higher-order beliefs
• Optimal monetary policy in production networks with distortions
• Nominal rigidities, rational inattention, and the optimal monetary policy
• Demand-side real rigidities revisited
• Disaggregated economic accounts
• Cyclical inequality in the cost of living and implications for monetary policy

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