Time consistent monetary policy with endogenous price rigidity

DOI10.1016/j.jet.2007.06.009zbMath1140.91456OpenAlexW3122629722MaRDI QIDQ936637

Henry E. Siu

Publication date: 19 August 2008

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.21034/sr.390

zbMATH Keywords

multiple equilibriasticky pricestime consistencydiscretionMarkov equilibriumexpectation trapsstate dependent pricing

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items

Discretionary monetary policy in the Calvo model, Expectation traps in a New Keynesian open economy model

Cites Work

• Expectation traps and discretion
• Sustainable monetary policies
• EXPECTATIONS, CREDIBILITY, AND TIME-CONSISTENT MONETARY POLICY
• Coordinating Coordination Failures in Keynesian Models
• State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
• Expectation Traps and Monetary Policy
• Monetary Discretion, Pricing Complementarity, and Dynamic Multiple Equilibria