Search Results - subject:"gains from commitment"

The new Keynesian approach to monetary policy analysis: Lessons and new directions

Galí, Jordi - Department of Economics and Business, Universitat … - 2008

Keynesian research program. Those lessons include the bene.ts of price stability, the gains from commitment about future …

Persistent link: https://www.econbiz.de/10005572579

Monetary policy in a low pass-through environment

Monacelli, Tommaso - 2003

We study the effects on the optimal monetary policy design problem of allowing for deviations from the law of one price in import goods prices. We reach three basic results. First, incomplete pass-through renders the analysis of monetary policy of an open economy fundamentally different from the...

Persistent link: https://www.econbiz.de/10011604273

Monetary policy in a low pass-through environment

Monacelli, Tommaso - European Central Bank - 2003

Persistent link: https://www.econbiz.de/10005344930