Time consistent monetary policy with endogenous price rigidity
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Publication:936637
DOI10.1016/j.jet.2007.06.009zbMath1140.91456OpenAlexW3122629722MaRDI QIDQ936637
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
multiple equilibriasticky pricestime consistencydiscretionMarkov equilibriumexpectation trapsstate dependent pricing
Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64)
Related Items
Discretionary monetary policy in the Calvo model, Expectation traps in a New Keynesian open economy model
Cites Work
- Expectation traps and discretion
- Sustainable monetary policies
- EXPECTATIONS, CREDIBILITY, AND TIME-CONSISTENT MONETARY POLICY
- Coordinating Coordination Failures in Keynesian Models
- State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
- Expectation Traps and Monetary Policy
- Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria