𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Imperfect Common Knowledge, Staggered Price Setting, and the Effects of Monetary Policy

✍ Scribed by ICHIRO FUKUNAGA

Book ID
109146848
Publisher
John Wiley and Sons
Year
2007
Tongue
English
Weight
301 KB
Volume
39
Category
Article
ISSN
0022-2879

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Imperfect price adjustment and the optim
Imperfect price adjustment and the optimal assignment of monetary and fiscal policies
✍ Mark Gertler πŸ“‚ Article πŸ“… 1979 πŸ› Elsevier Science 🌐 English βš– 822 KB

The paper considers the coordination of monetary and fiscal policy for a closed economy with the following properties: a Keynesian short-run, a classical steady state and serially cori'elated price adjustment. Given a set of plausible targets, the system is perfectly controllable in the sense of Aok

International transmission effects of mo
International transmission effects of monetary policy shocks: can asymmetric price setting explain the stylized facts?
✍ Caroline Schmidt πŸ“‚ Article πŸ“… 2006 πŸ› John Wiley and Sons 🌐 English βš– 174 KB πŸ‘ 1 views

How does an unexpected domestic monetary expansion affect the foreign economy? Does it induce an increase or a decline in foreign production? In the traditional two-country Mundell-Fleming model, monetary policy reveals 'beggarthy-neighbour' effects. Yet, empirical evidence from VARs indicates that