Leith, Campbell B. (contributor); … - 2008
Optimal Monetary Policy in a New Keynesian Model with
Habits in Consumption
∗
Campbell Leith Ioana Moldovan Raffaele … a hump-
shaped output response to monetary policy shocks in sticky-price New Keynesian
economies, there is relatively … benchmark New Keynesian analysis of monetary policy (see, for example,
Woodford (2003)), monetary policy typically influences …