Monetary policy when wages are downwardly rigid: Friedman meets Tobin
From MaRDI portal
Publication:427989
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
nonlinear dynamics; downward nominal wage rigidity; asymmetric effects of monetary policy; optimal inflation
91B64: Macroeconomic theory (monetary models, models of taxation)
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