New Keynesian microfoundations revisited: a Calvo-Taylor-rule-of-thumb model and optimal monetary policy delegation

New Keynesian microfoundations revisited: a Calvo-Taylor-rule-of-thumb model and optimal monetary policy delegation

अन्य संस्करण दिखाएं (1)

We analyze the microfoundations of the Phillips curve and the close links between that relationship and results concerning optimal monetary policy, stabilisation bias and monetary policy delegation. Most recent literature has used a New Keynesian Phillips Curve based on Calvo pricing, often with an...

पूर्ण विवरण

ग्रंथसूची विवरण
मुख्य लेखक:	Mash, R
स्वरूप:	Working paper
प्रकाशित:	University of Oxford 2003

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