| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2703 |
| DP2703 Theories of Fairness and Reciprocity - Evidence and Economic Applications | |
| Klaus Schmidt; Ernst Fehr | |
| 发表日期 | 2001-02-27 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We derive principles of optimal short run monetary policy in a real business cycles model, with money and with monopolistic firms that set prices one period in advance. The only distortionary policy intruments are the nominal interest rates and the money supplies. In this environment it is feasible to undo both the cash in advance and the price setting restrictions. We show that the optimal allocation is achieved under the Friedman rule. We also show that, in general, it is not optimal to undo the restriction that prices are set one period in advance. Sticky prices provide the planner with tools to improve upon a distorted flexible prices allocation. |
| 主题 | International Macroeconomics |
| 关键词 | Optimal cyclical monetary policy Friedman rule Prices set in advance |
| URL | https://cepr.org/publications/dp2703 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531761 |
| 推荐引用方式 GB/T 7714 | Klaus Schmidt,Ernst Fehr. DP2703 Theories of Fairness and Reciprocity - Evidence and Economic Applications. 2001. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Klaus Schmidt]的文章 |
| [Ernst Fehr]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Klaus Schmidt]的文章 |
| [Ernst Fehr]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Klaus Schmidt]的文章 |
| [Ernst Fehr]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
