Estimation and control of an optimization-based model with sticky prices and wages

DOI10.1016/S0165-1889(02)00021-0zbMath1178.91120MaRDI QIDQ951354

Jeffery D. Amato, Thomas Laubach

Publication date: 24 October 2008

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

zbMATH Keywords

minimum distance estimationinterest rate rulesnominal wage and price rigidity

Mathematics Subject Classification ID

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

Related Items (10)

A New Keynesian model with staggered price and wage setting under learning ⋮ Does money matter for the identification of monetary policy shocks: a DSGE perspective ⋮ Resuscitating the ad hoc loss function for monetary policy analysis ⋮ Does trade integration alter monetary policy transmission? ⋮ How well does sticky information explain the dynamics of inflation, output, and real wages? ⋮ Threshold models with time-varying threshold values and their application in estimating regime-sensitive Taylor rules ⋮ ASSET PRICES, OUTPUT AND MONETARY POLICY IN A SMALL OPEN ECONOMY ⋮ Performance pay and changes in U.S. labor market dynamics ⋮ Stock prices and monetary policy shocks: a general equilibrium approach ⋮ Inflation persistence and robust monetary policy design

Cites Work

• Recent developments in bootstrapping time series
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

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