Optimal random monetary policy with nominal rigidity.

DOI10.1016/S0022-0531(03)00100-5MaRDI QIDQ1411032zbMATH OpenOpenAlexFDO

Authors Bill Dupor

Publication date 15 October 2003

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0022-0531(03)00100-5

zbMATH Keywords

monetary policyrandomnessprice rigidity

Mathematics Subject Classification ID

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

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Cites work

• CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP?
• Inflation and welfare
• Money and Growth: The Case of Long Run Perfect Foresight
• Money and Interest in a Cash-in-Advance Economy
• On the desirability of a totally random monetary policy
• Sustainable monetary policies

Cited in

(18)

• CAN THE U.S. MONETARY POLICY FALL (AGAIN) IN AN EXPECTATION TRAP?
• Ruling out Pareto dominated monetary equilibria
• Essential interest-bearing money
• Wealth inequality and optimal monetary policy
• Optimal intervention policies for a small monetary economy
• Does sunspot monetary policy matter?
• Output and price level effects of monetary uncertainty in a matching model
• A comment on: ``Efficient propagation of shocks and the optimal return on money
• OPTIMAL MONETARY AND FISCAL POLICIES UNDER WAGE AND PRICE RIGIDITIES
• RAMSEY MONETARY POLICY WITH CAPITAL ACCUMULATION AND NOMINAL RIGIDITIES
• Optimal intervention in a random‐matching model of money
• Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
• Oligopolistic competition and optimal monetary policy
• Optimal monetary policy with heterogeneous money holdings
• Friedman meets Becker and Mulligan in a monetary neoclassical growth model
• Optimal monetary policy in an overlapping generations model with search theoretic monetary exchange
• Capital and macroeconomic instability in a discrete-time model with forward-looking interest rate rules
• Robust monetary policy, optimal delegation and misspecified potential output

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