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Optimal monetary policy with a nonlinear Phillips curve

โœ Scribed by A.R. Nobay; D.A. Peel


Book ID
117333670
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
49 KB
Volume
67
Category
Article
ISSN
0165-1765

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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