| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060459 | Economics Letters | 2011 | 4 Pages |
Abstract
⺠Costs of nominal/real inertia depend on the policy regime. ⺠Optimal policy reduces the welfare loss substantially compared to a simple Taylor rule. ⺠No relevant second-best interaction between nominal and real adjustment frictions.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lukas Vogel,