A fiscal stimulus with deep habits and optimal monetary policy

DOI10.1016/j.econlet.2012.05.051zbMath1254.91463OpenAlexW2154658943MaRDI QIDQ1925919

Bo Yang, Cristiano Cantore, Giovanni Melina, Paul Levine

Publication date: 27 December 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://openaccess.city.ac.uk/id/eprint/3775/9/A%20Fiscal%20Stimulus%20with%20Deep%20Habits%20and%20Optimal.pdf

zbMATH Keywords

optimal monetary policydeep habitsprice-level rule

Mathematics Subject Classification ID

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

Cites Work

• Linear-quadratic approximation, external habit and targeting rules
• Deep Habits
• Monopolistic Price Adjustment and Aggregate Output

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