Optimal Monetary Policy

By Aubhik Khan, Robert G. King, Alex Wolman. 2003

277 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Geometry and Topology

View Paper: https://www.semanticscholar.org/paper/696683d0450252dda934a42a99ed104ebe0ca949

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Citations in the corpus

Optimal Monetary Policy in a Small Open Economy with Home Bias (2008, background): “See King and Wolman (1999) and Khan et al. (2003) for a closed-economy analysis on this point.”
Optimal interest rate rules, asset prices, and credit frictions (2005, unknown): “Uc,t (πt − π)πt = βEt {Uc,t+1 (πt+1 − π)πt+1} (22) +Uc,tAtF (.”
Monetary policy and welfare in a small open economy (2009, background): “competition and price stickiness is given by the price setting equation (21).”
Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model (2005, unknown): “Applying this definition to evaluate the welfare cost of following the optimized policy rules given in equations (4) and (5) instead of implementing the Ramsey-optimal policy, we obtain a cost of 0.017 percent of the Ramsey consumption process.”
Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound (2012, background): “Following Khan, King, and Wolman (2003), we introduce lagged multipliers corresponding to the forwardlooking constraints in the initial period, in order to make the problem time invariant (see Table 3 in the appendix).”
Ramsey Monetary Policy With Labour Market Frictions (2009, background): “7 See also Khan, King and Wolman 2003, Schmitt-Grohe and Uribe 2004b and Faia 2008a.”
Optimal monetary policy with the cost channel (2006, result): “This finding is independent of the presence of the cost channel, and it parallels the results of Khan et al. (2003) and Benigno and Woodford (2004).”