Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State
Year of publication: |
2004-11
|
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Authors: | Benigno, Pierpaolo ; Woodford, Michael |
Institutions: | C.E.P.R. Discussion Papers |
Subject: | optimal monetary policy | sticky prices | sticky wages |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Notes: | Number 4740 |
Classification: | E52 - Monetary Policy (Targets, Instruments, and Effects) ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination |
Source: |
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