Optimal interest rate stabilization in a basic sticky-price model

DOI10.1016/J.JEDC.2007.10.009MaRDI QIDQ844783zbMATH OpenOpenAlexFDO

Authors Matthias Paustian, Christian A. Stoltenberg

Publication date 19 January 2010

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2006-072.pdf

zbMATH Keywords

commitmentFriedman's ruleoptimal monetary policyoptimal steady statestaggered price setting

Mathematics Subject Classification ID

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

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Cites work

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• Optimal Interest-Rate Smoothing
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• Optimal inflation rates with the trending relative price of investment
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• Monetary policy with interest on reserves
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Optimally sticky prices: foundations
• Optimal monetary policy with interest on reserves and capital over-accumulation
• On staggered prices and optimal inflation
• scientific article; zbMATH DE number 3869016 (Why is no real title available?)
• Optimal Interest-Rate Smoothing
• Optimal monetary policy in an estimated local currency pricing model
• Stabilizing monetary-injection policies
• Monetary policy with sticky prices and segmented markets
• Optimal central bank lending
• Monetary policy and asset prices with belief-driven fluctuations
• Estimation and control of an optimization-based model with sticky prices and wages
• Can money matter for interest rate policy?
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