Optimal fiscal and monetary policy with sticky prices

By Henry E. Siu. 2004

188 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/6b46a49355f7df778f57dd2c2da611e3328d04e9

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In Economics and Econometrics

Citations in the corpus

Optimal Monetary Policy in a Small Open Economy with Home Bias (2008, background): “In (47), 0;t is the time-zero price of one unit of domestic currency to be delivered in time t.”
Fiscal hedging with nominal assets (2008, methodology): “Nominal non-contingent debt Siu (2004) considers a special case of our nominal debt economy in 37 which only one period nominal debt is traded.”
Ramsey Monetary Policy With Labour Market Frictions (2009, background): “…and Nash bargaining 12 2.3 Equilibrium conditions 13 3 The optimal policy problem 13 3.1 The role of frictions in this economy 14 3.2 The optimal policy problem under commitment 16 3.2.1 Non-recursivity and initial conditions 17 3.3 Calibration 18 4 Steady state optimal policy 19 5 Optimal…”
Fiscal and Monetary Rules for a Currency Union (2009, background): “The policymaker chooses the sequence {yt, qt, πH,t, πF,t, πt, τ̂H,t, τ̂F,t, b̂H,t, b̂F,t}t=0 to maximize [43] subject to the infinite sequence of constraints [45]-[50], plus the additional initial requirements implied by the timeless perspective, given the set of initial conditions on debt and the t”
Optimal fiscal and monetary policy under sticky prices (2004, unknown): “9Siu (2001) obtains similar results in a cash-credit economy where nominal rigidities are introduced by assuming that a fraction of firms must set their price one period in advance and the only source of uncertainty are government purchases shocks.”
Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model (2005, background): “Chugh (2005) shows that when the sole source of uncertainty is innovations in government spending, then the Ramsey outcome implies low inflation volatility when prices are flexible but wages are sticky.”