Optimal Monetary Policy with Nominal Rigidities and Lumpy Investment

Tommy Sveen () and Lutz Weinke
Additional contact information
Lutz Weinke: Humboldt-Universität zu Berlin

International Journal of Central Banking, 2017, vol. 13, issue 4, 35-62

Abstract: New Keynesian theory generally abstracts from the lumpy nature of plant-level investment. Given the prominent role of investment spending for shaping optimal monetary policy, this simplification could be problematic. Our analysis suggests, however, that this is not the case in the context of a New Keynesian model featuring lumpy investment `a la Sveen and Weinke (2007).

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ijcb.org/journal/ijcb17q4a2.pdf (application/pdf)
http://www.ijcb.org/journal/ijcb17q4a2.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ijc:ijcjou:y:2017:q:4:a:2

Access Statistics for this article

International Journal of Central Banking is currently edited by Loretta J. Mester

More articles in International Journal of Central Banking from International Journal of Central Banking
Bibliographic data for series maintained by Bank for International Settlements ().