Optimal monetary policy in a Phillips-curve world
Article Abstract:
The optimal monetary policy in a model that integrates the modern theory of unemployment with a liquidity model of monetary transmission is studied. The long-term properties of monetary policy are characterized and it is shown that with commitment the optimal inflation rate is inversely related to the bargaining power of workers.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2004
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Optimal taxation with endogenously incomplete debt markets
Article Abstract:
A study is conducte on government debt markets and government spending, to design an optimal taxation policy to draw correlation between government spending and government debt sales.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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On credible monetary policy and private government information
Article Abstract:
Credible and optimal monetary policies are considered in terms of private government information.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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