Optimal monetary policy in a Phillips-curve world

DOI10.1016/J.JET.2003.12.010MaRDI QIDQ1886293zbMATHOpenAlexFDO

Authors Thomas F. Cooley, Vincenzo Quadrini

Publication date 18 November 2004

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

Full work available at URL https://doi.org/10.1016/j.jet.2003.12.010

zbMATH Keywords

MatchingTime-consistent policyUnemploymentLiquidity channel

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Matching models (91B68)

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Cites work

• Expectation Traps and Monetary Policy
• Job Creation and Job Destruction in the Theory of Unemployment
• Liquidity and interest rates
• On the Efficiency of Matching and Related Models of Search and Unemployment
• Search for a monetary propagation mechanism

Cited in

(16)

• Search frictions on product and labor markets: money in the matching function
• Optimal monetary policy in the generalized Taylor economy
• Optimal monetary policy when interest rates are bounded at zero
• Optimal Monetary Policy
• Delegating optimal monetary policy inertia
• INFLATION RISK AND OPTIMAL MONETARY POLICY
• The Phillips curve in a matching model
• Networks, Phillips curves, and monetary policy
• Optimal monetary policy in economies with dual labor markets
• Optimal monetary policy with imperfect unemployment insurance
• Oligopolistic competition and optimal monetary policy
• Optimal monetary policy with heterogeneous money holdings
• Optimal monetary policy when lump-sum taxes are unavailable: A reconsideration of the outcomes under commitment and discretion
• A search model of unemployment and inflation
• Monetary Policy with a Nonlinear Phillips Curve and Asymmetric Loss
• Nonlinear Phillips-curves, endogenous NAIRU and monetary policy

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