Optimal monetary policy with staggered wage and price contracts

Article Abstract:

Research is presented concerning the development of an optimizing-agent model for the study of the effects of monetary policy on the economy. The trade-off between inflation and output is discussed.

Prices, Wages, Wages and salaries

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Why do monetary policies matter? An experimental study of saving and inflation in an overlapping generations model

Article Abstract:

Research is presented concerning the effect of average saving and inflation on the determination of monetary policy. The overlapping generations model used in the study is discussed.

Savings, Stability

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Imperfect credibility and inflation persistence

Article Abstract:

A dynamic equilibrium model with optimizing agents and staggered nominal contracts is formulated. In this model, private agents use optimal filtering to make inferences about Central bank's inflation target.

United States, Forecasts, trends, outlooks, Management dynamics, Forecasts and trends, Central banks, Market trend/market analysis, Company business management, Equilibrium (Economics), Inflation (Economics)

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