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The elusive welfare economics of price stability as a monetary policy objective: why New Keynesian central bankers should validate core inflation
Buiter, Willem H. - 2006
whether nominal price and/or wage rigidities are due to New-Keynesian, Old-Keynesian or sticky-information Phillips curves …
Persistent link: https://www.econbiz.de/10011604655
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Bayesian and adaptive optimal policy under model uncertainty
Svensson, Lars E. O.; Williams, Noah - 2006
includes an experimentation component reflecting the endogeneity of information. We develop algorithms to solve numerically for …
Persistent link: https://www.econbiz.de/10010298360
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How Robust Is the Result That the Cost of ‘Leaning against the Wind’ Exceeds the Benefit?
Svensson, Lars E. O. - 2017
The main result in Svensson (2017) and its previous versions is that, given current knowledge and empirical estimates, the cost of using monetary policy to “lean against the wind” for financial-stability purposes exceeds the benefit by a substantial margin. Adrian and Liang (2016a) conduct a...
Persistent link: https://www.econbiz.de/10012961595
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The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective : Why New Keynesian Central Bankers Should Validate Core Inflation
Buiter, Willem H. - 2021
whether nominal price and/or wage rigidities are due to New-Keynesian, Old-Keynesian or sticky-information Phillips curves …
Persistent link: https://www.econbiz.de/10013317652