Endogenous money or sticky prices? Comment on monetary non-neutrality and inflation dynamics

DOI10.1016/J.JEDC.2004.07.008MaRDI QIDQ956438zbMATH OpenOpenAlexFDO

Authors Yi Wen, Pengfei Wang

Publication date 25 November 2008

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

Full work available at URL https://doi.org/10.1016/j.jedc.2004.07.008

zbMATH Keywords

Taylor ruleinflation dynamicsendogenous monetary policymoney neutralitynew Phillips curvesticky price

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic dynamics (91B55)

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Cites work

• Capacity utilization under increasing returns to scale
• Time to Build and Aggregate Fluctuations

Cited in

(3)

• Sluggish responses of prices and inflation to monetary shocks in an inventory model of money demand
• RE-EXAMINING THE IMPLICATIONS OF THE NEW CONSENSUS: ENDOGENOUS MONEY AND TAYLOR RULES IN A SIMPLE NEOCLASSICAL MACRO MODEL
• Another look at sticky prices and output persistence

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