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Socially Optimal Monetary Policy Institutions

Jerger, Jürgen (2002) Socially Optimal Monetary Policy Institutions. European Journal of Political Economy 18 (4), pp. 761-781.

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Abstract

Research on the interaction between wage setters and central banks has shown that the classical dichotomy of previous termmonetary policynext term models in the tradition of Barro and Gordon [Journal of Political Economy 91 (1983) 589] does not hold if an inflation motive of wage setters is introduced. In this paper, the conditions for this result are re-examined under different assumptions ...

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Item type:Article
Date:2002
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Internationale und Monetäre Ökonomik (Prof. Dr. Jürgen Jerger)
Identification Number:
ValueType
10.1016/S0176-2680(02)00118-0DOI
Classification:
NotationType
E13; E50Journal of Economics Literature Classification
Keywords:Central banks; previous termMonetary policynext term; Neutrality of previous termmonetary policynext term; Wage setting
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Unknown
Created at the University of Regensburg:Unknown
Item ID:16223
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