In the framework of a Keynesian monetary macro model we study implications of kinked Phillips curves and alternative monetary policy rules. As alternative monetary policy rules we consider monetary growth targeting and interest rate targeting (the Taylor rule). Our monetary macro model exhibits: ass
Nonlinear Phillips curve, NAIRU and monetary policy rules
β Scribed by Hyeon-seung Huh; Hyun Hoon Lee; Namkyung Lee
- Publisher
- Springer-Verlag
- Year
- 2008
- Tongue
- English
- Weight
- 453 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0377-7332
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