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Financial frictions, the Phillips curve and monetary policy

Lieberknecht, Philipp - In: Essays on macroeconomic policies and financial frictions, (pp. 73-143). 2019

Persistent link: https://www.econbiz.de/10013190554

Unemployment versus inflation? : an evaluation of the Phillips curve

Friedman, Milton - In: Issues in monetary policy : the relationship between …, (pp. 159-170). 2006

Persistent link: https://www.econbiz.de/10003381083

Monetary policy with heterogeneous households and financial frictions

Lee, Jae Won - 2010 - Rev.

central bank's objective function, the equation that characterizes inflation-output gap trade-offers, targeting rules … place a stronger emphasis on stabilizing inflation than it has, and failing to do so can generate nontrivial welfare costs. …

Persistent link: https://www.econbiz.de/10008657397

Studying international spillovers in a New Keynesian continuous time framework with financial markets

Hayo, Bernd; Niehof, Britta - 2013 - This version September 10, 2013

In light of the recent financial and real economic crisis, it seems clear that macroeconomists need to better account for the influence of financial markets. This paper explores the consequences of treating the interaction between different financial markets, monetary policy, and the real...

Persistent link: https://www.econbiz.de/10010126892

Financial Frictions, the Phillips Curve and Monetary Policy

Lieberknecht, Philipp - 2020

larger in inflation responses and a breakdown of divine coincidence. The central bank's contemporaneous trade-off between … output gap and in inflation stabilization is aggravated. Optimal monetary policy is strongly forward-looking and geared … towards inflation stabilization …

Persistent link: https://www.econbiz.de/10012840479

Financial Fragility, Regime Switching and Monetary Policy - With Application to Emerging Markets

Semmler, Willi; Toure, Marieme - 2021

the inflation rates, output gap and financial variable such as credit flows, risk premia and exchange rates. In the …

Persistent link: https://www.econbiz.de/10013247141

Financial frictions,the Phillips curve and monetary policy

Lieberknecht, Philipp - 2019

inflation responses and a breakdown of divinecoincidence. The central bank's contemporaneous trade-off between output gap … andinflation stabilization is aggravated. Optimal monetary policy is strongly forward-looking and geared towards inflation …