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Endogenous indexing and monetary policy models
Mash, Richard (contributor) - 2007
monetary policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … consider the implications of firms choosing the optimal degree of indexation so these simple pricing rules deliver prices as … close as possible to those which would be chosen optimally. We find that the degree of indexation depends on the extent of …
Persistent link: https://www.econbiz.de/10003486500
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Endogenous indexing and monetary policy models
Mash, Richard (contributor) - 2007
policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … consider the implications of firms choosing the optimal degree of indexation so these simple pricing rules deliver prices as … close as possible to those which would be chosen optimally. We find that the degree of indexation depends on the extent of …
Persistent link: https://www.econbiz.de/10003631410
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Inflation persistence, Price Indexation and Optimal Simple Interest Rate Rules
Ascari, Guido; Branzoli, Nicola - 2010
model indexation regulates the sources of inflation persistence. When indexation is zero, the inflation gap is purely … forward- looking and inflation persistence depends only on the level of trend inflation, while full indexation makes the …We study the properties of the optimal nominal interest rate policy under different levels of price indexation. In our …
Persistent link: https://www.econbiz.de/10010343884
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Endogenous Indexing and Monetary Policy Models
Mash, Richard - 2011
policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … consider the implications of firms choosing the optimal degree of indexation so these simple pricing rules deliver prices as … close as possible to those which would be chosen optimally. We find that the degree of indexation depends on the extent of …
Persistent link: https://www.econbiz.de/10013132417
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Inflation-linked bonds, nominal bonds, and countercyclical monetary polices
Westerhout, Ed W. M. T. - 2021
Persistent link: https://www.econbiz.de/10012404622
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Markets for inflation-indexed bonds as mechanisms for efficient monetary policy
Ewald, Christian-Oliver; Geissler, Johannes - In: Mathematical finance : an international journal of … 25 (2015) 4, pp. 869-889
Persistent link: https://www.econbiz.de/10011350504
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Indexing the income tax code, monetary/fiscal interaction, and the great moderation
Keinsley, Andrew - In: European economic review : EER 89 (2016), pp. 1-20
Persistent link: https://www.econbiz.de/10011770879
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Partial inflation indexation and long-run inflation targeting in a growing economy : a comparison of Calvo and Rotemberg pricing models
Basu, Parantap; Sarkar, Agnirup - In: Journal of macroeconomics 50 (2016), pp. 293-306
Persistent link: https://www.econbiz.de/10011707895
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Home bias in portfolios and taxation of asset income
Gordon, Roger H.; Gaspar, Vítor - 2001
Persistent link: https://www.econbiz.de/10001567807
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Household Portfolios and Monetary Policy
Alzuabi, Raslan; Brown, Sarah; Kontonikas, Alexandros; … - 2022
We show that expansionary monetary policy is associated with higher household portfolio allocation to high risk assets and lower allocation to low risk assets, in line with “reaching for yield” behaviour. Our main findings are based on analysis of US household level panel data using...
Persistent link: https://www.econbiz.de/10013291814