1. Optimal Monetary Policy with State-Dependent Pricing. (2014). Thomas, Carlos ; Nakov, Anton.
   In: CEPR Discussion Papers.
   RePEc:cpr:ceprdp:9846.

   Full description at Econpapers || Download paper

1. [1] Benigno, Pierpaolo and Woodford, Michael (2005), Ination Stabilization and Welfare: the Case of a Distorted Steady State, Journal of the European Economic Association, December 2005, Vol. 3, No. 6, pp.11851236 [2] Boivin, J. and Giannoni, M.P. and Mihov, I. (2009), Sticky prices and monetary policy: Evidence from disaggregated US data, The American Economic Review, Vol. 99 (1), pp.

2. [10] Klenow, P.J. and Kryvtsov, O. (2008), State-Dependent or Time-Dependent Pricing: Does It Matter for Recent US Ination?, Quarterly Journal of Economics, Vol. 123 (3), pp. 863904 [11] Lie, Denny (2009), State-Dependent Pricing and Optimal Monetary Policy, Boston University, Mimeo [12] Lucas Jr., Robert (1976), Econometric policy evaluation: a critique, Carnegie-Rochester conference series on public policy, Vol. 1, pp.1946 [13] Mackowiak, B. and Moench, E. and Wiederholt, M. (2009), Sectoral price data and models of price setting, Journal of Monetary Economics, Vol. 56, pp. S78S99 ECB Working Paper Series No 1250 October 2010 [14] Nakamura, Emi, and Jón Steinsson (2008), Five facts about prices: a reevaluation of menu cost models.Quarterly Journal of Economics, 123(4), 1415-1464, November [15] Woodford, Michael (2002), Ination Stabilization and Welfare,Contributions to Macroeconomics: Vol. 2 : Iss. 1, Article 1.

3. [3] Caballero, Ricardo, and Eduardo Engel (2007), Price stickiness in Ss models: new interpretations of old results.Journal of Monetary Economics 54, pp. 100121 [4] Calvo, Guillermo (1983), Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12, pp. 38398.

4. [5] Clarida, R. and Gali, J. and Gertler, M. (1999), The science of monetary policy: a new Keynesian perspective, Journal of Economic Literature, Vol. 37 (4), pp.16611707 [6] Costain, James, and Anton Nakov (2008), Price adjustments in a general model of statedependent pricing.Banco de España Working Paper #0824 [7] Costain, James, and Anton Nakov (2008b), Distributional dynamics in a general model of state-dependent pricing.Banco de España Working Paper #0831 [8] Dotsey, Michael; Robert King, and Alexander Wolman (1999), State-dependent pricing and the general equilibrium dynamics of money and output.Quarterly Journal of Economics 114 (2), pp. 65590 [9] Golosov, Mikhail, and Robert E. Lucas, Jr. (2007), Menu costs and Phillips curves. Journal of Political Economy 115 (2), pp.17199.

5. We now need to show that the ...rst order conditions of the Ramsey problem are satis...ed too in the steady state with zero ination. Notice that there are 3 + 5J ...rst order conditions but only 2 + 5J Lagrange multipliers (see Appendix A). Therefore, we will use 2 + 5J ...rst order conditions in order to solve for the steady-state Lagrange multipliers and then check whether the remaining equation holds given the solution for all the other variables. Consider now the ...rst order conditions of the Ramsey problem in the steady state with zero ination ECB Working Paper Series No 1250 October 25 ECB Working Paper Series No 1250 October 26 ECB Working Paper Series No 1250 October 27 ECB Working Paper Series No 1250 October 2010 5 10 15 20 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 Probability of price adjustment Vintage (j) j,ss
   Paper not yet in RePEc: Add citation now
   

1. Optimal Monetary Responses to Oil Discoveries. (2014). Wills, Samuel.
   In: CAMA Working Papers.
   RePEc:een:camaaa:2014-37.

   Full description at Econpapers || Download paper

2. Bifurcation in Perturbation Analysis:Calvo Pricing Examples. (2011). Yun, Tack ; Levin, Andrew ; Kim, Jinill.
   In: Computational Economics.
   RePEc:kap:compec:v:37:y:2011:i:3:p:221-236.

   Full description at Econpapers || Download paper

3. Endogenous Price Flexibility and Optimal Monetary Policy. (2010). Sutherland, Alan ; Senay, Ozge.
   In: CDMA Working Paper Series.
   RePEc:san:cdmawp:1007.

   Full description at Econpapers || Download paper

4. Second Order Accurate Approximation to the Rotemberg Model Around a Distorted Steady State. (2010). Nolan, Charles ; Damjanovic, Tatiana.
   In: CDMA Working Paper Series.
   RePEc:san:cdmawp:0907.

   Full description at Econpapers || Download paper

5. Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound. (2010). Yun, Tack ; Nelson, Edward ; Lopez-Salido, David ; Levin, Andrew.
   In: International Journal of Central Banking.
   RePEc:ijc:ijcjou:y:2010:q:1:a:8.

   Full description at Econpapers || Download paper

6. Dissecting Taylor rules in a structural VAR. (2010). Wen, Yi ; Choi, Woon Gyu.
   In: Working Papers.
   RePEc:fip:fedlwp:2010-005.

   Full description at Econpapers || Download paper

7. Credit Spreads and Monetary Policy. (2009). Woodford, Michael ; Cúrdia, Vasco ; Crdia, Vasco .
   In: NBER Working Papers.
   RePEc:nbr:nberwo:15289.

   Full description at Econpapers || Download paper

8. New-Keynesian Economics: An AS-AD View. (2009). Benigno, Pierpaolo.
   In: NBER Working Papers.
   RePEc:nbr:nberwo:14824.

   Full description at Econpapers || Download paper

9. Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown. (2009). Paez-Farrell, Juan.
   In: Discussion Paper Series.
   RePEc:lbo:lbowps:2009_14.

   Full description at Econpapers || Download paper

10. Policy uncertainty, symbiosis, and the optimal fiscal and monetary conservativeness. (2009). Manzo, Marco ; giuli, francesco ; Di Bartolomeo, Giovanni.
    In: Empirica.
    RePEc:kap:empiri:v:36:y:2009:i:4:p:461-474.

    Full description at Econpapers || Download paper

11. CONDI: a cost-of-nominal-distortions index. (2009). Tambalotti, Andrea ; Hobijn, Bart ; Eusepi, Stefano.
    In: Staff Reports.
    RePEc:fip:fednsr:367.

    Full description at Econpapers || Download paper

12. Monetary policy response to oil price shocks. (2009). Natal, Jean-Marc.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2009-16.

    Full description at Econpapers || Download paper

13. CONDI: a cost-of-nominal-distortions index. (2009). Tambalotti, Andrea ; Hobijn, Bart ; Eusepi, Stefano.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2009-03.

    Full description at Econpapers || Download paper

14. Optimal Monetary Policy with Imperfect Unemployment Insurance. (2009). Nakajima, Tomoyuki ; Tomoyuki, NAKAJIMA .
    In: Discussion papers.
    RePEc:eti:dpaper:09014.

    Full description at Econpapers || Download paper

15. The Welfare Gains of Trade Integration in the European Monetary Union. (2008). Poutineau, Jean-Christophe ; Eyquem, Aurélien ; Auray, Stéphane.
    In: Cahiers de recherche.
    RePEc:shr:wpaper:08-10.

    Full description at Econpapers || Download paper

16. Monetary Policy and the Open Economy. (2008). Gali, Jordi.
    In: Introductory Chapters.
    RePEc:pup:chapts:8654-7.

    Full description at Econpapers || Download paper

17. The Maastricht Criteria and Optimal Monetary and Fiscal Policy Mix for the EMU Accession Countries. (2008). Lipinska, Anna.
    In: MPRA Paper.
    RePEc:pra:mprapa:16376.

    Full description at Econpapers || Download paper

18. Fiscal Policy under Balanced Budget and Indeterminacy: A New Keynesian Perspective. (2008). Manzo, Marco ; Di Bartolomeo, Giovanni ; Giuli, Francesco .
    In: Working Papers.
    RePEc:crt:wpaper:0803.

    Full description at Econpapers || Download paper

19. Policy Uncertainty, Symbiosis, and the Optimal Fiscal and Monetary Conservativeness. (2008). Manzo, Marco ; giuli, francesco ; Di Bartolomeo, Giovanni.
    In: Working Papers.
    RePEc:crt:wpaper:0802.

    Full description at Econpapers || Download paper

20. Oil Shocks and Optimal Monetary Policy. (2007). Montoro, Carlos ; Carlos, Montoro.
    In: Working Papers.
    RePEc:rbp:wpaper:2007-010.

    Full description at Econpapers || Download paper

21. How do nominal and real rigidities interact? A tale of the second best. (2007). Vogel, Lukas ; Duval, Romain.
    In: MPRA Paper.
    RePEc:pra:mprapa:7282.

    Full description at Econpapers || Download paper

22. Inflation persistence and optimal positive long-run inflation. (2007). Pontiggia, Dario.
    In: MPRA Paper.
    RePEc:pra:mprapa:3274.

    Full description at Econpapers || Download paper

23. Forecast Targeting as a Monetary Policy Strategy: Policy Rules in Practice. (2007). Woodford, Michael.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13716.

    Full description at Econpapers || Download paper

24. International Transmission and Monetary Policy Cooperation. (2007). Smets, Frank ; Straub, Roland ; Coenen, Gnter ; Lombardo, Giovanni.
    In: NBER Chapters.
    RePEc:nbr:nberch:0513.

    Full description at Econpapers || Download paper

25. Optimal Policy Under Model Uncertainty: A Structural-Bayesian Estimation Approach. (2007). Stoltenberg, Christian ; Kriwoluzky, Alexander.
    In: SFB 649 Discussion Papers.
    RePEc:hum:wpaper:sfb649dp2007-040.

    Full description at Econpapers || Download paper

26. Two pitfalls of linearization methods. (2007). Kim, Sunghyun.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2007-64.

    Full description at Econpapers || Download paper

27. Diagnosing and treating bifurcations in perturbation analysis of dynamic macro models. (2007). Yun, Tack ; Levin, Andrew ; Kim, Jinill.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2007-14.

    Full description at Econpapers || Download paper

28. The limits of transparency. (2007). Cukierman, Alex.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2007.

    Full description at Econpapers || Download paper

29. Incomplete markets and households’ exposure to interest rate and inflation risk: implications for the monetary policy maker. (2007). Pescatori, Andrea.
    In: Working Papers (Old Series).
    RePEc:fip:fedcwp:0709.

    Full description at Econpapers || Download paper

30. Euro area inflation persistence in an estimated nonlinear DSGE model. (2007). Tristani, Oreste ; amisano, gianni.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2007754.

    Full description at Econpapers || Download paper

31. The Limits of Transparency. (2007). Cukierman, Alex.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6475.

    Full description at Econpapers || Download paper

32. Strategic Complementarities and Optimal Monetary Policy. (2007). Yun, Tack ; Lopez-Salido, David ; Levin, Andrew.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6423.

    Full description at Econpapers || Download paper

33. Euro Area Inflation Persistence in an Estimated Nonlinear DSGE Model. (2007). Tristani, Oreste ; amisano, gianni.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6373.

    Full description at Econpapers || Download paper

34. The Maastricht Convergence Criteria and Optimal Monetary Policy for the EMU Accession Countries. (2007). Lipinska, Anna.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp0808.

    Full description at Econpapers || Download paper

35. Inflation Premium and Oil Price Volatility. (2007). Tuesta, Vicente ; Montoro, Carlos ; Castillo, Paul.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp0782.

    Full description at Econpapers || Download paper

36. Computing Optimal Policy in a Timeless-Perspective: An Application to a Small-Open Economy. (2007). Juillard, Michel ; Pelgrin, Florian .
    In: Staff Working Papers.
    RePEc:bca:bocawp:07-32.

    Full description at Econpapers || Download paper

37. Linear-Quadratic Approximation, Efficiency and Target-Implementability. (2006). Pierse, Richard ; Pearlman, Joseph ; Levine, Paul.
    In: Computing in Economics and Finance 2006.
    RePEc:sce:scecfa:441.

    Full description at Econpapers || Download paper

38. Inflation Premium and Oil Price Volatility. (2006). Montoro, Carlos ; Castillo, Paul.
    In: Computing in Economics and Finance 2006.
    RePEc:sce:scecfa:18.

    Full description at Econpapers || Download paper

39. Monetary-Exchange Rate Policy and Current Account Dynamics. (2006). Malik, Hamza.
    In: MPRA Paper.
    RePEc:pra:mprapa:455.

    Full description at Econpapers || Download paper

40. Nonlinear inflation expectations and endogenous fluctuations. (2006). Gomes, Orlando.
    In: MPRA Paper.
    RePEc:pra:mprapa:2842.

    Full description at Econpapers || Download paper

41. The Maastricht convergence criteria and optimal monetary policy for the EMU accession countries. (2006). Lipinska, Anna.
    In: MPRA Paper.
    RePEc:pra:mprapa:1795.

    Full description at Econpapers || Download paper

42. Linear-Quadratic Approximation of Optimal Policy Problems. (2006). Woodford, Michael ; Benigno, Pierpaolo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12672.

    Full description at Econpapers || Download paper

43. Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints. (2006). Monacelli, Tommaso.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12470.

    Full description at Econpapers || Download paper

44. Optimal Inflation Targeting under Alternative Fiscal Regimes. (2006). Woodford, Michael ; Benigno, Pierpaolo.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:12158.

    Full description at Econpapers || Download paper

45. Optimal Interest Rate Stabilization in a Basic Sticky-Price Model. (2006). Stoltenberg, Christian ; Paustian, Matthias.
    In: SFB 649 Discussion Papers.
    RePEc:hum:wpaper:sfb649dp2006-072.

    Full description at Econpapers || Download paper

46. Implementation of optimal monetary policy. (2006). Hornstein, Andreas ; Dotsey, Michael.
    In: Economic Quarterly.
    RePEc:fip:fedreq:y:2006:i:spr:p:113-133:n:v.92no.2.

    Full description at Econpapers || Download paper

47. Optimal simple monetary policy rules and non-atomistic wage setters in a New-Keynesian framework. (2006). Gnocchi, Stefano .
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2006690.

    Full description at Econpapers || Download paper

48. Linear-Quadratic Approximation of Optimal Policy Problems. (2006). Woodford, Michael ; Benigno, Pierpaolo.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5964.

    Full description at Econpapers || Download paper

49. Search and Matching Frictions and Optimal Monetary Policy. (2006). Thomas, Carlos.
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp0743.

    Full description at Econpapers || Download paper

50. Inflation Premium and Oil Price Volatility. (2005). Tuesta, Vicente ; Montoro, Carlos ; Castillo, Paul.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0512004.

    Full description at Econpapers || Download paper

Report date: 2025-02-21 00:29:26 || Missing content? Let us know