countercyclical idiosyncratic labor and asset risk. We derive conditions under which the aggregate allocations and price system can be … policy in a new Keynesian economy with uninsured countercyclical individual risk. The optimal monetary policy that emerges … preference shocks. When price rigidity is the only friction, the optimal monetary policy calls for stabilizing the inflation rate …

countercyclical idiosyncratic labor and asset risk. We derive conditions under which the aggregate allocations and price system can be … policy in a new Keynesian economy with uninsured countercyclical individual risk. The optimal monetary policy that emerges … preference shocks. When price rigidity is the only friction, the optimal monetary policy calls for stabilizing the inflation rate …

The article develops a stylized medium-run post-Kaleckian open economy model with conflict inflation and combines two … demand, growth, trade balance, and inflation are generally ambiguous and highly contingent on the parameter constellation of … without risk, and its negative social and distributional consequences may be large. …

changing nature of inflation dynamics. We estimate a series of VAR models for a set of six Asian emerging market economies, in … parts of inflation and output dynamics. The global shocks are procyclical with respect to the domestic components of …