King, Robert G.; Wolman, Alexander L. - Center for Financial Studies - 2004
In a plain-vanilla New Keynesian model with two-period staggered price-setting, discretionary monetary policy leads to …
International Research Forum on Monetary Policy, November 2003.
CFS Working Paper No. 2004/22
Monetary Discretion, Pricing …-vanilla New Keynesian model with two-period staggered price-setting,
discretionary monetary policy leads to multiple equilibria …