Learning about monetary policy rules when labor market search and matching frictions matter

DOI10.1016/J.JEDC.2011.10.003zbMath1242.91142OpenAlexW3125065620MaRDI QIDQ433362

Willem Van Zandweghe, Takushi Kurozumi

Publication date: 13 July 2012

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

Full work available at URL: https://www.kansascityfed.org/documents/5305/pdf-RWP10-14.pdf

zbMATH Keywords

indeterminacyE-stabilityextensive and intensive margins of laborforecast-based interest rate policylabor market search and matching frictions

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Related Items (1)

Trend inflation, sticky prices, and expectational stability

Cites Work

• Investment, interest rate policy, and equilibrium stability
• Monetary policy, indeterminacy and learning
• Optimal monetary policy in a New Keynesian model with job search
• On-the-job search, sticky prices, and persistence
• E-stability vis-a-vis determinacy results for a broad class of linear rational expectations models
• Solutions to linear rational expectations models: a compact exposition
• Job Creation and Job Destruction in the Theory of Unemployment
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*

This page was built for publication: Learning about monetary policy rules when labor market search and matching frictions matter