Monetary Policy When Wages Are Downwardly Rigid: Friedman Meets Tobin
| Data(s) |
29/07/2010
29/07/2010
01/11/2009
|
|---|---|
| Resumo |
In a monetary economy with downwardly rigid wages, the central banker should target a low, but strictly positive, inflation rate. |
| Identificador | |
| Idioma(s) |
en |
| Publicador |
Université de Montréal, Département de sciences économiques |
| Relação |
Cahier de recherche #2009-14 |
| Palavras-Chave | #Downward nominal wage rigidity #Asymmetric effects of monetary policy #Optimal inflation #Nonlinear dynamics #E4, E5 |
| Tipo |
Article |
