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A variable price level, supply shocks and rational expectations

In: Optimal Monetary Policy under Uncertainty, Second Edition

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Chapter 4 extends the analysis of optimal strategies for monetary policy to models with variable prices and wages. Price expectations are added to the frameworks as well as supply-side shocks. Within these extended frameworks both pure instrument strategies and combination policies are reconsidered.

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  • ., 2019. "A variable price level, supply shocks and rational expectations," Chapters, in: Optimal Monetary Policy under Uncertainty, Second Edition, chapter 4, pages 56-76, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16504_4
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    Economics and Finance;

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