Optimal monetary policy rules with labor market frictions

DOI10.1016/j.jedc.2007.06.011zbMath1181.91191OpenAlexW3122756410MaRDI QIDQ844668

Ester Faia

Publication date: 19 January 2010

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

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp698.pdf

zbMATH Keywords

matching frictionsoptimal monetary policy ruleswage rigidity

Mathematics Subject Classification ID

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

Related Items (10)

New-Keynesian Phillips curve with Bertrand competition and endogenous entry ⋮ Hiring, firing, and relocation under employment protection ⋮ Optimal government spending with labor market frictions ⋮ Labor market institutions and inflation volatility in the euro area ⋮ Firms' credit requirements and monetary policy rules ⋮ Optimal fiscal and monetary policy when money is essential ⋮ Search frictions, real wage rigidities and the optimal design of unemployment insurance ⋮ Monetary persistence and the labor market: a new perspective ⋮ Optimal monetary policy in a New Keynesian model with job search ⋮ A mean-reverting stochastic model for the political business cycle

Cites Work

• Optimal interest rate rules, asset prices, and credit frictions
• Optimal fiscal and monetary policy under sticky prices.
• On the Efficiency of Matching and Related Models of Search and Unemployment
• RAMSEY MONETARY POLICY WITH CAPITAL ACCUMULATION AND NOMINAL RIGIDITIES
• WELFARE-MAXIMIZING OPERATIONAL MONETARY AND TAX POLICY RULES
• Monopolistic Price Adjustment and Aggregate Output
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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