Supply shocks, private sector information and monetary policy: is there inevitably a stabilization trade-off?

DOI10.1016/J.ECONLET.2006.12.013MaRDI QIDQ1934098zbMATH OpenOpenAlexFDO

Authors Jonathan G. James, Phillip Lawler

Publication date 28 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2006.12.013

zbMATH Keywords

private expectationsstabilization trade-offsupply shocks

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Might a conservative central banker reduce employment variability?

Cited in

(6)

• Aggregate demand shocks, central bank preferences and macroeconomic outcomes with imperfect information
• Monetary policy trade-offs in an estimated open-economy DSGE model
• Do monetary policy shocks generate TAR or STAR dynamics in output?
• How well does sticky information explain the dynamics of inflation, output, and real wages?
• ARE LONG‐RUN PRICE STABILITY AND SHORT‐RUN OUTPUT STABILIZATION ALL THAT MONETARY POLICY CAN AIM FOR?
• Volatile policy and private information: The case of monetary shocks

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