Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10003693353
"In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10008656715
Persistent link: https://www.econbiz.de/10011316552
Persistent link: https://www.econbiz.de/10001437290
Persistent link: https://www.econbiz.de/10001390247
Intro -- Contents -- List of Illustrations -- Foreword by Robert J. Shiller -- Acknowledgments -- Introduction -- Chapter 1. Through the Looking Glass: Central Bank Transparency -- Chapter 2. Ex Uno Plures: Central Banking by Committee -- Chapter 3. Following the Leader: The Central Bank and the...
Persistent link: https://www.econbiz.de/10012681682