Output persistence from monetary shocks with staggered prices or wages under a Taylor rule

DOI10.1016/J.ECONLET.2009.07.001MaRDI QIDQ1046338zbMATH OpenOpenAlexFDO

Authors Sebastiano Daros, Neil Rankin

Publication date 21 December 2009

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2009.07.001

zbMATH Keywords

output persistencestaggered prices/wagesTaylor rule

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Output persistence from monetary shocks with staggered prices or wages under a Taylor rule
• The Solution of Linear Difference Models under Rational Expectations

Cited in

(9)

• Output persistence from monetary shocks with staggered prices or wages under a Taylor rule
• Staggering, the optimal monetary rule and persistence
• Responses in output to monetary shocks and the interest rate: A rational expectations model with working capital
• Inflation persistence and the real costs of disinflation in staggered prices and partial adjustment models
• Do monetary policy shocks generate TAR or STAR dynamics in output?
• A note on inflation persistence in a fair wage model of the business cycle
• INPUTOUTPUT STRUCTURE AND NOMINAL RIGIDITY: THE PERSISTENCE PROBLEM REVISITED
• Staggered wages and output dynamics under disinflation
• Another look at sticky prices and output persistence

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