QUADRATIC LABOR ADJUSTMENT COSTS, BUSINESS CYCLE DYNAMICS, AND OPTIMAL MONETARY POLICY

DOI10.1017/S1365100511000083zbMath1273.91333MaRDI QIDQ5325991

Wolfgang Lechthaler, Dennis J. Snower

Publication date: 31 July 2013

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

zbMATH Keywords

optimal monetary policy; monetary persistence; labor adjustment costs

Mathematics Subject Classification ID

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

Uses Software

• Dynare