Monetary policy when wages are downwardly rigid: Friedman meets Tobin

DOI10.1016/j.jedc.2011.08.002zbMath1241.91084MaRDI QIDQ427989

Jinill Kim, Francisco J. Ruge-Murcia

Publication date: 18 June 2012

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2011.08.002

zbMATH Keywords

nonlinear dynamics; downward nominal wage rigidity; asymmetric effects of monetary policy; optimal inflation

Mathematics Subject Classification ID

91B64: Macroeconomic theory (monetary models, models of taxation)

Related Items

Leaning against boom-bust cycles in credit and housing prices, Optimal inflation rates with the trending relative price of investment

Cites Work

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