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Structural change and counterfactual inflation-targeting in Hong Kong

McNelis, Paul D. - 2009

Persistent link: https://www.econbiz.de/10003975035

Downward wage rigidity and optimal steady-state inflation

Fagan, Gabriel; Messina, Julián - 2009

This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...

Persistent link: https://www.econbiz.de/10011605094

Downward wage rigidity and optimal steady-state inflation

Fagan, Gabriel; Messina, Julián - 2009

This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...

Persistent link: https://www.econbiz.de/10003832636

Downward Wage Rigidity and Optimal Steady-State Inflation

Fagan, Gabriel - 2009

This paper examines the impact of downward wage rigidity (nominal and real) on optimal steady-state inflation. For this purpose, we extend the workhorse model of Erceg, Henderson and Levin (2000) by introducing asymmetric menu costs for wage setting. We estimate the key parameters by simulated...

Persistent link: https://www.econbiz.de/10012763969

Inflation targeting, learning and Q volatility in small open economies

Lim, Guay C.; McNelis, Paul D. - In: Journal of economic dynamics & control 31 (2007) 11, pp. 3699-3722

Persistent link: https://www.econbiz.de/10003569793

Macroeconomic volatility and counterfactual inflation-targeting in Hong Kong

Lim, Guay C.; McNelis, Paul D. - In: Pacific economic review 17 (2012) 2, pp. 304-325

Persistent link: https://www.econbiz.de/10009692179

Monetary regime choice in Singapore : would a Taylor rule outperform exchange-rate management?

Chow, Hwee-kwan; Lim, Guay C.; McNelis, Paul D. - In: Journal of Asian economics 30 (2014), pp. 63-81

Persistent link: https://www.econbiz.de/10010400796

Inflation targeting, learning and Q volatility in small open economies

Lim, Guay C.; McNelis, Paul D. - 2006

Persistent link: https://www.econbiz.de/10003389525

Monetary rules and policy targets under managed exchange rates and capital controls : the case of China

Chen, Hongyi; McNelis, Paul D. - 2017

Persistent link: https://www.econbiz.de/10012201653

Finding stability in a time of prolonged crisis : unconventional policy rules for Japan

McNelis, Paul D.; Yoshino, Naoyuki - In: Journal of financial stability 27 (2016), pp. 122-136

Persistent link: https://www.econbiz.de/10011705601

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