Time consistent monetary policy with endogenous price rigidity

DOI10.1016/J.JET.2007.06.009zbMATH Open1140.91456OpenAlexW3122629722MaRDI QIDQ936637FDOQ936637

Henry E. Siu

Publication date: 19 August 2008

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.21034/sr.390

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zbMATH Keywords

multiple equilibriasticky pricestime consistencydiscretionMarkov equilibriumexpectation trapsstate dependent pricing

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Special types of economic equilibria (91B52)

Cites Work

• Sustainable monetary policies
• Coordinating Coordination Failures in Keynesian Models
• Expectation Traps and Monetary Policy
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria
• State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
• Expectations, credibility, and time-consistent monetary policy.
• Expectation traps and discretion

Cited In (4)

• Expectations, credibility, and time-consistent monetary policy.
• Discretionary monetary policy in the Calvo model
• Endogenously determined price rigidities
• Expectation traps in a New Keynesian open economy model

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