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

DOI10.1016/J.JEDC.2004.07.008zbMATH Open1198.91154OpenAlexW2081485117MaRDI QIDQ956438FDOQ956438

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

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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)

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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