Optimal fiscal and monetary policy under sticky prices.
From MaRDI portal
Publication:1427485
DOI10.1016/S0022-0531(03)00111-XzbMath1063.91063MaRDI QIDQ1427485
Stephanie Schmitt-Grohé, Martín Uribe
Publication date: 14 March 2004
Published in: Journal of Economic Theory (Search for Journal in Brave)
91B64: Macroeconomic theory (monetary models, models of taxation)
Related Items
QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY, Monetary policy when wages are downwardly rigid: Friedman meets Tobin, The role of liquid government bonds in the great transformation of American monetary policy, Second-order approximation to the Rotemberg model around a distorted steady state, Ramsey policies in a small open economy with sticky prices and capital, Financial openness, financial frictions and optimal monetary policy, Linear-quadratic approximation of optimal policy problems, Optimal monetary policy rules with labor market frictions, Optimal interest rate stabilization in a basic sticky-price model, New Keynesian explanations of cyclical movements in aggregate inflation and regional inflation differentials, Central bank learning and Taylor rules with sticky import prices, The optimality of the friedman rule when some distorting taxes are exogenous, Optimal taxation in an RBC model: A linear-quadratic approach, Future fiscal and budgetary shocks, A banking explanation of the US velocity of money: 1919-2004, Price stability and the case for flexible exchange rates, Debt and deficit fluctuations and the structure of bond markets, (Non)optimality of the Friedman rule and optimal taxation in a growing economy with imperfect competition, Optimal capital income taxation in a small open economy, Welfare implications of Calvo vs. Rotemberg-pricing assumptions, Optimal fiscal and monetary policy when money is essential, Distortionary fiscal policy and monetary policy goals, On the relevance of exchange rate regimes for stabilization policy, Comparing accuracy of second-order approximation and dynamic programming, Refinements on macroeconomic modeling: the role of non-separability and heterogeneous labor supply, DOES THE TIMING OF THE CASH-IN-ADVANCE CONSTRAINT MATTER FOR OPTIMAL FISCAL AND MONETARY POLICY?, RAMSEY MONETARY POLICY WITH CAPITAL ACCUMULATION AND NOMINAL RIGIDITIES, WELFARE-MAXIMIZING OPERATIONAL MONETARY AND TAX POLICY RULES
Cites Work
- Unnamed Item
- Liquidity and interest rates
- On the Flexibility of Monetary Policy: The Case of the Optimal Inflation Tax
- Optimal Interest-Rate Smoothing
- Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
- Monetary Policy and Exchange Rate Volatility in a Small Open Economy
