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

DOI10.1016/J.JEDC.2022.104350zbMATH Open1492.91233OpenAlexW4225663378MaRDI QIDQ2152309FDOQ2152309

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)

Cites Work

• Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union*
• Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Assessing DSGE model nonlinearities
• The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?
• Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation *
• Optimal inflation rates with the trending relative price of investment
• What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?
• EXTREME EVENTS AND OPTIMAL MONETARY POLICY

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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