Anticipated shocks, optimal monetary policy, and welfare

Doctoral thesis English OPEN
Winkler, Roland; (2009)
  • Subject: Faculty of Business, Economics and Social Sciences | Wirtschafts- und Sozialwissenschaftliche Fakultät | Anticipated Shocks, Generalized Schur Decomposition, Oil Price Shocks, Optimal Monetary Policy, Price Stickiness, Ramsey Planner, Simple Rules, Timeless Perspective, Welfare Analysis
    • ddc: ddc:330

Intertemporal general-equilibrium models with Keynesian features such as imperfect competition and imperfectly flexible prices which give rise to a (at least) short-run non-neutrality of monetary policy have become the workhorse model for monetary macroeconomics. This t... View more
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