Petrella, Ivan and Rossi, Raffaele and Santoro, Emiliano (2014) Discretion vs. timeless perspective under model-consistent stabilization objectives. Economics Letters, 122 (1). pp. 84-88. ISSN 0165-1765
Full text not available from this repository.Abstract
Recent literature has reported situations in which discretion dominates timeless perspective in the presence of elements that reduce the slope of the New Keynesian Phillips curve. Considering a model-consistent welfare metric inhibits this mechanism in the standard New Keynesian framework.
Item Type:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2003
Subjects:
?? monetarypolicydiscretiontimeless perspectiveloss of social welfarefinanceeconomics and econometrics ??
Departments:
ID Code:
71059
Deposited By:
Deposited On:
01 Oct 2014 08:54
Refereed?:
Yes
Published?:
Published
Last Modified:
15 Jul 2024 14:48