Revisiting the optimal inflation rate with downward nominal wage rigidity: the role of heterogeneity

DOI10.1016/J.JEDC.2022.104350MaRDI QIDQ2152309zbMATH OpenOpenAlexFDO

Authors Tomohide Mineyama

Publication date 8 July 2022

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2022.104350

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82) Labor markets (91B39)

Recommendations

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Cites work

• Assessing DSGE model nonlinearities
• Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union*
• Extreme events and optimal monetary policy
• Inflation dynamics and time-varying volatility: new evidence and an Ss interpretation
• Optimal inflation rates with the trending relative price of investment
• Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
• The optimal inflation rate in New Keynesian models: should central banks raise their inflation targets in light of the zero lower bound?
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?

Cited in

(3)

• Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union*
• Estimation uncertainty in structural inflation models with real wage rigidities
• Optimal monetary policy and downward nominal wage rigidity in frictional labor markets

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