𝔖 Bobbio Scriptorium
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Fed behavior in periods of price and wage controls

✍ Scribed by Brian L. Goff; Robert D. Tollison

Book ID
104677951
Publisher
Springer US
Year
1991
Tongue
English
Weight
486 KB
Volume
70
Category
Article
ISSN
0048-5829

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Estimation and control of an optimizatio
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✍ Jeffery D Amato; Thomas Laubach πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 300 KB

This paper provides estimates of an optimization-based equilibrium model with sticky prices and wages. The estimated model is used to analyse the welfare properties of various interest rate rules for conducting monetary policy. An important feature of this model is that it involves a tradeo between