A New Keynesian model with staggered price and wage setting under learning

DOI10.1016/j.jedc.2015.05.013zbMath1401.91319OpenAlexW1749449409MaRDI QIDQ1657525

Gabriela Best

Publication date: 13 August 2018

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2015.05.013

zbMATH Keywords

learningmonetary policyexpectational stabilitynominal wage and price rigidity

Mathematics Subject Classification ID

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

Uses Software

• NSOIA

Cites Work

• Unnamed Item
• Investment, interest rate policy, and equilibrium stability
• Estimation and control of an optimization-based model with sticky prices and wages
• Stable sunspot solutions in models with predetermined variables
• Monetary policy, indeterminacy and learning
• Wage or price-based inflation? Alternative targets in optimal monetary policy rules
• Monetary policy and stable indeterminacy with inertia
• Is forward-looking inflation targeting destabilizing? the role of policy's response to current output under endogenous investment
• Does it matter (for equilibrium determinacy) what price index the central bank targets?

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