Revisiting the optimal inflation rate with downward nominal wage rigidity: the role of heterogeneity

DOI10.1016/j.jedc.2022.104350zbMath1492.91233OpenAlexW4225663378MaRDI QIDQ2152309

Tomohide Mineyama

Publication date: 8 July 2022

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

Full work available at URL: https://doi.org/10.1016/j.jedc.2022.104350

Mathematics Subject Classification ID

Statistical methods; economic indices and measures (91B82) Labor markets (91B39)

Cites Work

• Optimal monetary policy and downward nominal wage rigidity in frictional labor markets
• Assessing DSGE model nonlinearities
• Optimal inflation rates with the trending relative price of investment
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union*
• The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?
• Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation *
• EXTREME EVENTS AND OPTIMAL MONETARY POLICY
• What Do Data on Millions of U.S. Workers Reveal About Lifecycle Earnings Dynamics?

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