Wage and Price Rigidity in a Monetary Union
Author
Abstract
Suggested Citation
DOI: 10.1007/s11079-009-9156-2
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2008.
"Optimal Fiscal and Monetary Policy: Equivalence Results,"
Journal of Political Economy, University of Chicago Press, vol. 116(1), pages 141-170, February.
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2002. "Optimal fiscal and monetary policy: equivalence results," Working Paper Series WP-02-16, Federal Reserve Bank of Chicago.
- Pedro Teles & Juan Pablo Nicolini, 2003. "Optimal Fiscal and Monetary Policy: Equivalence Results," Working Papers w200303, Banco de Portugal, Economics and Research Department.
- Correia, Isabel & Teles, Pedro & Nicolini, Juan Pablo, 2003. "Optimal Fiscal and Monetary Policy: Equivalence Results," CEPR Discussion Papers 3730, C.E.P.R. Discussion Papers.
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2008. "Optimal fiscal and monetary policy: equivalence results," Staff Report 403, Federal Reserve Bank of Minneapolis.
- Adao, Bernardino & Correia, Isabel & Teles, Pedro, 2009.
"On the relevance of exchange rate regimes for stabilization policy,"
Journal of Economic Theory, Elsevier, vol. 144(4), pages 1468-1488, July.
- Bernardino Adão & Pedro Teles & Isabel Horta Correia, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," Working Papers w200616, Banco de Portugal, Economics and Research Department.
- Correia, Isabel & Teles, Pedro & Adão, Bernardino, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," CEPR Discussion Papers 5797, C.E.P.R. Discussion Papers.
- Pedro Teles & Isabel Correia & Bernardino Adao, 2007. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," 2007 Meeting Papers 616, Society for Economic Dynamics.
- Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hyuk Jae Rhee & Jeongseok Song, 2017. "Real Wage Flexibility, Economic Fluctuations, and Exchange Rate Regimes," Open Economies Review, Springer, vol. 28(4), pages 633-659, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gianluca Benigno & Bianca De Paoli, 2010.
"On the International Dimension of Fiscal Policy,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(8), pages 1523-1542, December.
- Gianluca Benigno & Bianca De Paoli, 2010. "On the International Dimension of Fiscal Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(8), pages 1523-1542, December.
- Benigno, Gianluca & De Paoli, Bianca, 2009. "On the International Dimension of Fiscal Policy," CEPR Discussion Papers 7232, C.E.P.R. Discussion Papers.
- Gianluca Benigno & Bianca De Paoli, 2009. "On the International Dimension of Fiscal Policy," CEP Discussion Papers dp0905, Centre for Economic Performance, LSE.
- Benigno, Gianluca & De Paoli, Bianca, 2009. "On the international dimension of fiscal policy," LSE Research Online Documents on Economics 28515, London School of Economics and Political Science, LSE Library.
- Constantino Hevia & Juan Pablo Nicolini, 2015. "Política Monetaria y la Enfermedad Holandesa: Rigidez de Precios y de Salarios," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 18(2), pages 28-60, August.
- Constantino Hevia & Juan Pablo Nicolini, 2015.
"Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity,"
Central Banking, Analysis, and Economic Policies Book Series, in: Rodrigo Caputo & Roberto Chang (ed.),Commodity Prices and Macroeconomic Policy, edition 1, volume 22, chapter 3, pages 051-089,
Central Bank of Chile.
- Constantino Hevia & Juan Pablo Nicolini, 2015. "Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity," Working Papers 726, Federal Reserve Bank of Minneapolis.
- Constantino Hevia & Juan Pablo Nicolini, 2015. "Monetary Policy and Dutch Disease: The Case of Price and Wage Rigidity," Department of Economics Working Papers 2015_4, Universidad Torcuato Di Tella.
- Konstantin Egorov & Dmitry Mukhin, 2020.
"Optimal Policy under Dollar Pricing,"
Working Papers
w0261, New Economic School (NES).
- Konstantin Egorov & Dmitry Mukhin, 2021. "Optimal Policy under Dollar Pricing," Discussion Papers 2124, Centre for Macroeconomics (CFM).
- Konstantin Egorov & Dmitry Mukhin, 2020. "Optimal Policy under Dollar Pricing," CESifo Working Paper Series 8272, CESifo.
- Marattin, Luigi & Marzo, Massimiliano & Zagaglia, Paolo, 2013.
"Distortionary tax instruments and implementable monetary policy,"
International Review of Economics & Finance, Elsevier, vol. 25(C), pages 219-243.
- Zagaglia, Paolo, 2007. "Distortionary Tax Instruments and Implementable Monetary Policy," Research Papers in Economics 2007:5, Stockholm University, Department of Economics.
- Luigi MARATTIN & Massimiliano MARZO & Paolo ZAGAGLIA, 2010. "Distortionary Tax Instruments and Implementable Monetary Policy," EcoMod2010 259600110, EcoMod.
- L. Marattin & M. Marzo & P. Zagaglia, 2009. "Distortionary tax instruments and implementable monetary policy," Working Papers 684, Dipartimento Scienze Economiche, Universita' di Bologna.
- Pierpaolo Benigno & Michael Woodford, 2007.
"Optimal Inflation Targeting under Alternative Fiscal Regimes,"
Central Banking, Analysis, and Economic Policies Book Series, in: Frederic S. Miskin & Klaus Schmidt-Hebbel & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Se (ed.),Monetary Policy under Inflation Targeting, edition 1, volume 11, chapter 3, pages 037-075,
Central Bank of Chile.
- Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting Under Alternative Fiscal Regimes," Working Papers Central Bank of Chile 407, Central Bank of Chile.
- Pierpaolo Benigno & Michael Woodford, 2006. "Optimal Inflation Targeting under Alternative Fiscal Regimes," NBER Working Papers 12158, National Bureau of Economic Research, Inc.
- N. Gregory Mankiw & Ricardo Reis, 2002.
"Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1295-1328.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky information versus sticky prices: a proposal to replace the New-Keynesian Phillips curve," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," NBER Working Papers 8290, National Bureau of Economic Research, Inc.
- N. Gregory Mankiw & Ricardo Reis, 2001. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Harvard Institute of Economic Research Working Papers 1922, Harvard - Institute of Economic Research.
- Mankiw, N. Gregory & Reis, Ricardo, 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Scholarly Articles 3415324, Harvard University Department of Economics.
- L. Marattin & S. Salotti, 2009.
"The Response of Private Consumption to Different Public Spending Categories: VAR Evidence from UK,"
Working Papers
670, Dipartimento Scienze Economiche, Universita' di Bologna.
- Luigi MARATTIN & Simone SALOTTI, 2010. "The Response of Private Consumption to Different Public Spending Categories:VAR Evidence from UK," EcoMod2010 259600111, EcoMod.
- Auray, Stéphane & de Blas, Beatriz & Eyquem, Aurélien, 2011.
"Ramsey policies in a small open economy with sticky prices and capital,"
Journal of Economic Dynamics and Control, Elsevier, vol. 35(9), pages 1531-1546, September.
- Stéphane Auray & Beatriz de Blas & Aurélien Eyquem, 2009. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Cahiers de recherche 09-12, Departement d'économique de l'École de gestion à l'Université de Sherbrooke.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2010. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00588092, HAL.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2011. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00581173, HAL.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2010. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00618262, HAL.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2011. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00625464, HAL.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2010. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00588090, HAL.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2010. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00588096, HAL.
- Stéphane Auray & Beatriz de Blas & Aurélien Eyquem, 2011. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Working Papers 1115, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Stéphane Auray & Beatriz de Blaz & Aurélien Eyquem, 2011. "Ramsey Policies in a Small Open Economy with Sticky Prices and Capital," Post-Print halshs-00618257, HAL.
- Schmitt-Grohé, Stephanie & Uribe, Martín, 2010.
"The Optimal Rate of Inflation,"
Handbook of Monetary Economics, in: Benjamin M. Friedman & Michael Woodford (ed.), Handbook of Monetary Economics, edition 1, volume 3, chapter 13, pages 653-722,
Elsevier.
- Stephanie Schmitt-Grohe & Martin Uribe, 2010. "The Optimal Rate of Inflation," NBER Working Papers 16054, National Bureau of Economic Research, Inc.
- Uribe, MartÃn & Schmitt-Grohé, Stephanie, 2010. "The Optimal Rate of Inflation," CEPR Discussion Papers 7864, C.E.P.R. Discussion Papers.
- Chen, Sihao & Devereux, Michael B. & Shi, Kang & Xu, Juanyi, 2021.
"Exchange rates, local currency pricing and international tax policies,"
Journal of Monetary Economics, Elsevier, vol. 117(C), pages 460-472.
- Sihao Chen & Michael B. Devereux & Jenny Xu & Kang Shi, 2018. "Exchange Rates, Local Currency Pricing and International Tax Policies," NBER Working Papers 25111, National Bureau of Economic Research, Inc.
- Garga, Vaishali & Singh, Sanjay R., 2021.
"Output hysteresis and optimal monetary policy,"
Journal of Monetary Economics, Elsevier, vol. 117(C), pages 871-886.
- Sanjay Singh, 2018. "Output Hysteresis and Optimal Monetary Policy," 2018 Meeting Papers 554, Society for Economic Dynamics.
- Vaishali Garga & Sanjay R. Singh, 2019. "Output Hysteresis and Optimal Monetary Policy," Working Papers 19-19, Federal Reserve Bank of Boston.
- Sanjay R. Singh & Vaishali Garga, 2019. "Output Hysteresis and Optimal Monetary Policy," Working Papers 331, University of California, Davis, Department of Economics.
- Adão, Bernardino & Correia, Isabel, 2013.
"Labor immobility and the transmission mechanism of monetary policy in a monetary union,"
European Economic Review, Elsevier, vol. 63(C), pages 28-46.
- Correia, Isabel & Adão, Bernardino, 2010. "Labor Immobility and the Transmission Mechanism of Monetary Policy in a Monetary Union," CEPR Discussion Papers 8068, C.E.P.R. Discussion Papers.
- Bernardino Adão, 2010. "Labor Immobility and the Transmission Mechanism of Monetary Policy in a Monetary Union," Working Papers w201019, Banco de Portugal, Economics and Research Department.
- Constantino Hevia & Juan Pablo Nicolini, 2013.
"Optimal Devaluations,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(1), pages 22-51, April.
- Juan Pablo Nicolini & Constantino Hevia, 2004. "Optimal Devaluations," Econometric Society 2004 Latin American Meetings 337, Econometric Society.
- Hevia, Constantino & Nicolini, Juan Pablo, 2009. "Optimal devaluations," Policy Research Working Paper Series 4926, The World Bank.
- Constantino Hevia, 2011. "Optimal Devaluations," 2011 Meeting Papers 1070, Society for Economic Dynamics.
- Constantino Hevia & Juan Pablo Nicolini, 2013. "Optimal devaluations," Working Papers 702, Federal Reserve Bank of Minneapolis.
- Adao, Bernardino & Correia, Isabel & Teles, Pedro, 2009.
"On the relevance of exchange rate regimes for stabilization policy,"
Journal of Economic Theory, Elsevier, vol. 144(4), pages 1468-1488, July.
- Bernardino Adão & Pedro Teles & Isabel Horta Correia, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," Working Papers w200616, Banco de Portugal, Economics and Research Department.
- Correia, Isabel & Teles, Pedro & Adão, Bernardino, 2006. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," CEPR Discussion Papers 5797, C.E.P.R. Discussion Papers.
- Pedro Teles & Isabel Correia & Bernardino Adao, 2007. "On the Relevance of Exchange Rate Regimes for Stabilization Policy," 2007 Meeting Papers 616, Society for Economic Dynamics.
- Angelo Marsiglia Fasolo, 2014. "The Ramsey Steady State under Optimal Monetary and Fiscal Policy for Small Open Economies," Working Papers Series 357, Central Bank of Brazil, Research Department.
- Lemoine, Matthieu & Lindé, Jesper, 2016.
"Fiscal consolidation under imperfect credibility,"
European Economic Review, Elsevier, vol. 88(C), pages 108-141.
- Lemoine, Matthieu & Lindé, Jesper, 2016. "Fiscal Consolidation Under Imperfect Credibility," Working Paper Series 322, Sveriges Riksbank (Central Bank of Sweden).
- Matthieu Lemoine & J. Lind, 2016. "Fiscal Consolidation Under Imperfect Credibility," Working papers 595, Banque de France.
- Linde, Jesper & Lemoine, Matthieu, 2016. "Fiscal Consolidation Under Imperfect Credibility," CEPR Discussion Papers 11404, C.E.P.R. Discussion Papers.
- Dellas, H. & Diba, B. & Olivier Loisel, 2010. "Financial Shocks and Optimal Policy," Working papers 277, Banque de France.
- repec:ptu:bdpart:b200502 is not listed on IDEAS
- Andrew Atkeson & Varadarajan V. Chari & Patrick J. Kehoe, 2010.
"Sophisticated Monetary Policies,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(1), pages 47-89.
- Andrew Atkeson & V. V. Chari & Patrick J. Kehoe, 2008. "Sophisticated monetary policies," Working Papers 659, Federal Reserve Bank of Minneapolis.
- Andrew Atkeson & V. V. Chari & Patrick Kehoe, 2009. "Sophisticated Monetary Policies," NBER Working Papers 14883, National Bureau of Economic Research, Inc.
- Andrew Atkeson & V. V. Chari & Patrick J. Kehoe, 2009. "Sophisticated monetary policies," Staff Report 419, Federal Reserve Bank of Minneapolis.
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2008.
"Optimal Fiscal and Monetary Policy: Equivalence Results,"
Journal of Political Economy, University of Chicago Press, vol. 116(1), pages 141-170, February.
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2002. "Optimal fiscal and monetary policy: equivalence results," Working Paper Series WP-02-16, Federal Reserve Bank of Chicago.
- Correia, Isabel & Teles, Pedro & Nicolini, Juan Pablo, 2003. "Optimal Fiscal and Monetary Policy: Equivalence Results," CEPR Discussion Papers 3730, C.E.P.R. Discussion Papers.
- Isabel Correia & Juan Pablo Nicolini & Pedro Teles, 2008. "Optimal fiscal and monetary policy: equivalence results," Staff Report 403, Federal Reserve Bank of Minneapolis.
- Pedro Teles & Juan Pablo Nicolini, 2003. "Optimal Fiscal and Monetary Policy: Equivalence Results," Working Papers w200303, Banco de Portugal, Economics and Research Department.
More about this item
Keywords
; ; ; ; ; ; ; ; ; ; ; ; ; ;JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
- E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
- F20 - International Economics - - International Factor Movements and International Business - - - General
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:openec:v:21:y:2010:i:1:p:109-126. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.