Optimal interest rate stabilization in a basic sticky-price model

DOI10.1016/J.JEDC.2007.10.009MaRDI QIDQ844783zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

commitmentoptimal monetary policyoptimal steady stateFriedman's rulestaggered price setting

Mathematics Subject Classification ID

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

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Cites work

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

Cited in

(20)

• Can money matter for interest rate policy?
• Optimal Interest-Rate Smoothing
• 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, asset prices, and credit frictions
• Optimal interest-rate rules and inflation stabilization versus price-level stabilization
• 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.
• scientific article; zbMATH DE number 3869016 (Why is no real title available?)
• Monetary policy with sticky prices and segmented markets
• Stabilizing monetary-injection policies

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