Dieppe, Alistair (contributor); Küster, Keith (contributor) - 2004
, our
analysis suggests that optimal policy should be focused on future states of the economy
and incorporate a broad set of … monetary policy literature.
These AWM model features - namely, a high degree of intrinsic persistence and a
limited role for … rigidities, monetary policy
can actively contribute to stabilizing the real and nominal economy. Accordingly, a large
body of …