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View article: Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve
Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve Open
View article: Strike While the Iron is Hot – Optimal Monetary Policy Under State-Dependent Pricing
Strike While the Iron is Hot – Optimal Monetary Policy Under State-Dependent Pricing Open
View article: Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve
Strike While the Iron is Hot: Optimal Monetary Policy with a Nonlinear Phillips Curve Open
View article: Climate-conscious monetary policy
Climate-conscious monetary policy Open
We study the implications of climate change and the associated mitigation measures for optimal monetary policy in a canonical New Keynesian model with climate externalities. Provided they are set at their socially optimal level, carbon tax…
View article: Optimal monetary policy with <mml:math xmlns:mml="http://www.w3.org/1998/Math/MathML" altimg="si3.svg" display="inline" id="d1e152"><mml:mrow><mml:msup><mml:mrow><mml:mi>r</mml:mi></mml:mrow><mml:mrow><mml:mo>∗</mml:mo></mml:mrow></mml:msup><mml:mo linebreak="goodbreak" linebreakstyle="after"><</mml:mo><mml:mn>0</mml:mn></mml:mrow></mml:math>
Optimal monetary policy with Open
We study the optimal monetary policy problem in a New Keynesian economy with a zero lower bound (ZLB) on the nominal interest rate, when the steady state natural rate (r∗) becomes permanently negative. We show that the optimal policy aims …
View article: Optimal Monetary Policy with r*<0
Optimal Monetary Policy with r*<0 Open
We study the optimal monetary policy problem in a New Keynesian economy with a zero lower bound (ZLB) on the nominal interest rate, when the steady state natural rate (r*) becomes permanently negative.We show that the optimal policy aims t…
View article: Some Implications of Micro Price-Setting Evidence for Inflation Dynamics and Monetary Transmission
Some Implications of Micro Price-Setting Evidence for Inflation Dynamics and Monetary Transmission Open
View article: The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area
The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area Open
View article: Optimal Monetary Policy with R*<0
Optimal Monetary Policy with R*<0 Open
View article: Climate-Conscious Monetary Policy
Climate-Conscious Monetary Policy Open
View article: Climate-conscious monetary policy
Climate-conscious monetary policy Open
View article: Digitalisation: Channels, Impacts and Implications for Monetary Policy in the Euro Area
Digitalisation: Channels, Impacts and Implications for Monetary Policy in the Euro Area Open
View article: The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area
The Role of Financial Stability Considerations in Monetary Policy and the Interaction with Macroprudential Policy in the Euro Area Open
View article: Employment and the Conduct of Monetary Policy in the Euro Area
Employment and the Conduct of Monetary Policy in the Euro Area Open
View article: Effectiveness and Addictiveness of Quantitative Easing
Effectiveness and Addictiveness of Quantitative Easing Open
This paper analyzes optimal asset-purchase policies in a macroeconomic model with banks, which face occasionally-binding balance-sheet constraints. It proves analytically that asset-purchase policies are effective in offsetting large finan…
View article: Monetary Policy Implications of State-Dependent Prices and Wages
Monetary Policy Implications of State-Dependent Prices and Wages Open
View article: Monetary Policy Implications of State-Dependent Prices and Wages
Monetary Policy Implications of State-Dependent Prices and Wages Open
View article: Monetary policy implications of state-dependent prices and wages
Monetary policy implications of state-dependent prices and wages Open
We study the effects of monetary shocks in a model of state-dependent price and wage adjustment based on "control costs". Suppliers of retail goods and of labor are both monopolistic competitors that face idiosyncratic productivity shocks …
View article: Communication of Monetary Policy in Unconventional Times
Communication of Monetary Policy in Unconventional Times Open
View article: Communication of Monetary Policy in Unconventional Times
Communication of Monetary Policy in Unconventional Times Open