Working Paper
Monetary policy under rational expectations with multiperiod wage stickiness and an economy-wide credit market
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;
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Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1987
Number: 8716