Optimal interest rate stabilization in a basic sticky-price model

DOI10.1016/J.JEDC.2007.10.009zbMATH Open1181.91206OpenAlexW2119960740MaRDI QIDQ844783FDOQ844783

Authors: Matthias Paustian, Christian A. Stoltenberg 

Publication date: 19 January 2010

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

Full work available at URL: http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2006-072.pdf

Recommendations

• Optimal Monetary Policy
• Optimal fiscal and monetary policy under sticky prices.
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• On staggered prices and optimal inflation
• Estimation and control of an optimization-based model with sticky prices and wages

zbMATH Keywords

commitmentoptimal monetary policyoptimal steady stateFriedman's rulestaggered price setting

Mathematics Subject Classification ID

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

Cites Work

• Inflation and welfare
• Optimal Interest-Rate Smoothing
• A method for taking models to the data
• Optimal Monetary Policy
• Optimal fiscal and monetary policy under sticky prices.
• Gaps and Triangles

Cited In (20)

• Optimal Interest-Rate Smoothing
• Can money matter for interest rate policy?
• Optimally sticky prices: foundations
• Estimation and control of an optimization-based model with sticky prices and wages
• The optimal monetary policy rule under the non-negativity constraint on nominal interest rates
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• Optimal interest rate rules, asset prices, and credit frictions
• Optimal monetary policy with interest on reserves and capital over-accumulation
• Essential interest-bearing money
• On staggered prices and optimal inflation
• Optimal monetary policy in an estimated local currency pricing model
• Optimal inflation rates with the trending relative price of investment
• Optimal monetary policy with capital and a financial accelerator
• Optimal central bank lending
• Monetary policy with interest on reserves
• Monetary policy and asset prices with belief-driven fluctuations
• Optimal fiscal and monetary policy under sticky prices.
• Title not available (Why is that?)
• Monetary policy with sticky prices and segmented markets
• Stabilizing monetary-injection policies

This page was built for publication: Optimal interest rate stabilization in a basic sticky-price model

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q844783)