Inflation targeting rules and welfare in an asymmetric currency area:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Frankfurt am Main
Dt. Bundesbank
2004
|
| Series: | Discussion paper / Deutsche Bundesbank : Series 1: Studies of the Economic Research Centre
2004,4 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Zsfassung in dt. Sprache |
| Physical Description: | 30 S. |
| ISBN: | 3935821794 |
Staff View
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Record in the Search Index
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| adam_text | Contents
1 Introduction 1
2 The model 4
2.1 Preferences 4
2.2 Firms 6
2.2.1 Calvo contracts 6
2.3 Monetary policy 7
2.4 Forcing process 8
3 The international financial market 8
4 Welfare 9
4.1 Inflation and welfare 10
5 Results: the case of ip = 1 11
5.1 Competition and welfare under the optimal simple rule 12
5.2 Gains from the optimal rule 12
5.3 Two asymmetries: nominal rigidity and competition 13
6 Results: the case of ip ^ 1 15
7 Conclusion 17
Appendix 17
A The non stochastic steady state allocation 17
B Second order approximation of the aggregate price indexes and inflation
dynamics 18
C Second order approximation of Calvo prices 19
References 21
|
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| id | DE-604.BV017940011 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T19:23:25Z |
| institution | BVB |
| isbn | 3935821794 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-010754153 |
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| physical | 30 S. |
| publishDate | 2004 |
| publishDateSearch | 2004 |
| publishDateSort | 2004 |
| publisher | Dt. Bundesbank |
| record_format | marc |
| series2 | Discussion paper / Deutsche Bundesbank : Series 1: Studies of the Economic Research Centre |
| spelling | Lombardo, Giovanni Verfasser aut Inflation targeting rules and welfare in an asymmetric currency area Giovanni Lombardo Frankfurt am Main Dt. Bundesbank 2004 30 S. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Deutsche Bundesbank : Series 1: Studies of the Economic Research Centre 2004,4 Zsfassung in dt. Sprache Inflationsbekämpfung (DE-588)4161661-3 gnd rswk-swf Währungsunion (DE-588)4188829-7 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Währungsunion (DE-588)4188829-7 s Geldpolitik (DE-588)4019902-2 s Inflationsbekämpfung (DE-588)4161661-3 s DE-604 Deutsche Bundesbank Discussion paper Series 1: Studies of the Economic Research Centre ; 2004,4 (DE-604)BV017594637 2004,4 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010754153&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lombardo, Giovanni Inflation targeting rules and welfare in an asymmetric currency area Inflationsbekämpfung (DE-588)4161661-3 gnd Währungsunion (DE-588)4188829-7 gnd Geldpolitik (DE-588)4019902-2 gnd |
| subject_GND | (DE-588)4161661-3 (DE-588)4188829-7 (DE-588)4019902-2 |
| title | Inflation targeting rules and welfare in an asymmetric currency area |
| title_auth | Inflation targeting rules and welfare in an asymmetric currency area |
| title_exact_search | Inflation targeting rules and welfare in an asymmetric currency area |
| title_full | Inflation targeting rules and welfare in an asymmetric currency area Giovanni Lombardo |
| title_fullStr | Inflation targeting rules and welfare in an asymmetric currency area Giovanni Lombardo |
| title_full_unstemmed | Inflation targeting rules and welfare in an asymmetric currency area Giovanni Lombardo |
| title_short | Inflation targeting rules and welfare in an asymmetric currency area |
| title_sort | inflation targeting rules and welfare in an asymmetric currency area |
| topic | Inflationsbekämpfung (DE-588)4161661-3 gnd Währungsunion (DE-588)4188829-7 gnd Geldpolitik (DE-588)4019902-2 gnd |
| topic_facet | Inflationsbekämpfung Währungsunion Geldpolitik |
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