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Why Rational Expectations do not Neutralize Monetary Policy
Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
1982 (English)Report (Other academic)
Abstract [en]

The purpose of this paper is to demonstrate within as simple a framework as possible that rational price expectations do not neutralize monetary policy in the presence of nominal wage stickiness due to overlapping long-term labor contracts or for other reasons.

Place, publisher, year, edition, pages
Stockholm: IIES , 1982. , 14 p.
Series
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 215
National Category
Economics
Identifiers
URN: urn:nbn:se:su:diva-41443OAI: oai:DiVA.org:su-41443DiVA: diva2:330325
Available from: 2010-07-15 Created: 2010-07-15 Last updated: 2010-07-15Bibliographically approved

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fulltext(1631 kB)88 downloads
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7f08295c02d513b163e95be54f2d3569333c17ce19e9b710fe60e3a26ae72fa5d19fdd449dfaedc3d4a53d7f61f00f4034905d01a1a68cb9703abd70d1e87691
Type fulltextMimetype application/pdf

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Institute for International Economic Studies
Economics

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CiteExportLink to record
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