Transmission lags and optimal monetary policy

DOI10.1016/J.JEDC.2010.12.011MaRDI QIDQ631253zbMATH OpenOpenAlexFDO

Authors Juha Kilponen, Kai Leitemo

Publication date 22 March 2011

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.2010.12.011

zbMATH Keywords

monetary policyinflation targetingdiscretion and stabilization biasmoney targetingtransmission lags

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Recommendations

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Cited in

(5)

• WHAT WE DON'T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON'T KNOW IT
• Transfer potentials shape and equilibrate monetary systems
• Inflation-targeting rules: history-dependent or forward-looking?
• Monetary policy transmission to firms' investments -- it may depend on the tool
• Monetary policy transmission in a model with animal spirits and house price booms and busts

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