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Sticky nominal wages and the optimal employment rule

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  • Waldo, Douglas G.

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  • Waldo, Douglas G., 1981. "Sticky nominal wages and the optimal employment rule," Journal of Monetary Economics, Elsevier, vol. 7(3), pages 339-353.
  • Handle: RePEc:eee:moneco:v:7:y:1981:i:3:p:339-353
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    References listed on IDEAS

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    1. John H. Kareken & Preston J. Miller, 1976. "The policy procedure of the FOMC: a critique," Working Papers 63, Federal Reserve Bank of Minneapolis.
    2. Lucas, Robert E, Jr, 1973. "Some International Evidence on Output-Inflation Tradeoffs," American Economic Review, American Economic Association, pages 326-334.
    3. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    4. Milton Friedman, 1971. "A Theoretical Framework for Monetary Analysis," NBER Books, National Bureau of Economic Research, Inc, number frie71-1.
    5. Flood, Robert P & Garber, Peter M, 1980. "Market Fundamentals versus Price-Level Bubbles: The First Tests," Journal of Political Economy, University of Chicago Press, vol. 88(4), pages 745-770, August.
    6. Volcker, Paul A., 1978. "The role of monetary targets in an age of inflation," Journal of Monetary Economics, Elsevier, pages 329-339.
    7. Phelps, Edmund S & Taylor, John B, 1977. "Stabilizing Powers of Monetary Policy under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 85(1), pages 163-190, February.
    8. McCallum, Bennett T, 1978. "Price Level Adjustments and the Rational Expectations Approach to Macroeconomic Stabilization Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 10(4), pages 418-436, November.
    9. Modigliani, Franco, 1977. "The Monetarist Controversy or, Should We Forsake Stabilization Policies?," American Economic Review, American Economic Association, pages 1-19.
    10. Modigliani, Franco, 1977. "The Monetarist Controversy or, Should We Forsake Stabilization Policies?," American Economic Review, American Economic Association, pages 1-19.
    11. Benjamin M. Friedman, 1977. "The Inefficiency of Short-Run Monetary Targets for Monetary Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 293-346.
    12. William Poole, 1970. "Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model," The Quarterly Journal of Economics, Oxford University Press, vol. 84(2), pages 197-216.
    13. Poole, William, 1975. "The Making of Monetary Policy: Description and Analysis," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 253-265, June.
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    Cited by:

    1. Patrick K. Asea & Gian M Milesi-Ferretti & Enrique G. Mendoza, 1995. "Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture," IMF Working Papers 95/79, International Monetary Fund.
    2. Canzoneri, Matthew B, 1985. "Monetary Policy Games and the Role of Private Information," American Economic Review, American Economic Association, pages 1056-1070.
    3. Matthew B. Canzoneri, 1983. "Monetary policy games and the role of private information," International Finance Discussion Papers 249, Board of Governors of the Federal Reserve System (U.S.).
    4. Ghosal, Vivek & Loungani, Prakash, 1996. "Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pages 650-668, November.
    5. Matthew B. Canzoneri & John M. Underwood, 1982. "Wage contracting, exchange rate volatility, and exchange intervention policy," International Finance Discussion Papers 212, Board of Governors of the Federal Reserve System (U.S.).

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