Why Rational Expectations do not Neutralize Monetary Policy
1982 (English)Report (Other academic)
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.
Seminar Paper / Institute for International Economic Studies, Stockholm University, ISSN 0347-8769 ; 215
IdentifiersURN: urn:nbn:se:su:diva-41443OAI: oai:DiVA.org:su-41443DiVA: diva2:330325