Optimal interest rate stabilization in a basic sticky-price model

DOI10.1016/J.JEDC.2007.10.009zbMath1181.91206OpenAlexW2119960740MaRDI QIDQ844783

Matthias Paustian, Christian A. Stoltenberg

Publication date: 19 January 2010

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

Full work available at URL: http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2006-072.pdf

zbMATH Keywords

commitmentoptimal monetary policyoptimal steady stateFriedman's rulestaggered price setting

Mathematics Subject Classification ID

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

Related Items (1)

Monetary policy and asset prices with belief-driven fluctuations

Cites Work

• A method for taking models to the data
• Optimal fiscal and monetary policy under sticky prices.
• Inflation and Welfare
• Gaps and Triangles
• Optimal Monetary Policy
• Optimal Interest-Rate Smoothing

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