Monetary policy under rational expectations with multiperiod wage stickiness and an economy-wide credit market

James G. Hoehn

No 8716, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: A reconsideration of the role of monetary policy in a multiperiod sticky-wage model that incorporates rational expectations and displays the natural rate property.

Keywords: Rational expectations (Economic theory); Monetary policy; Wages (search for similar items in EconPapers)
Date: 1987
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