King, Robert G. (contributor); … - 2004
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 … to which future policy responds.
JEL Classification: E5, E61, D78
Keywords: Monetary Policy, Discretion, Time …