HYPERBOLIC DISCOUNTING AND POSITIVE OPTIMAL INFLATION

DOI10.1017/S1365100511000393zbMath1272.91049OpenAlexW3125538449MaRDI QIDQ2843408

Dennis J. Snower, Liam Graham

Publication date: 22 August 2013

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100511000393

zbMATH Keywords

monetary policyinflation targetingPhillips curveoptimal monetary policyNew Keynesian modelnominal inertia

Mathematics Subject Classification ID

Welfare economics (91B15)

Related Items

Quasi-geometric discounting in cash-in-advance economy

Cites Work

• Staggered price setting with endogenous frequency of adjustment
• Inflation and Welfare
• Golden Eggs and Hyperbolic Discounting
• Time-Inconsistent Preferences and Social Security
• Ramsey Meets Laibson in the Neoclassical Growth Model