Optimal monetary policy in a Phillips-curve world

Article Abstract:

The optimal monetary policy in a model that integrates the modern theory of unemployment with a liquidity model of monetary transmission is studied. The long-term properties of monetary policy are characterized and it is shown that with commitment the optimal inflation rate is inversely related to the bargaining power of workers.

Forecasts, trends, outlooks, Forecasts and trends, Inflation (Finance), Market trend/market analysis, Inflation (Economics), Phillips curve

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Optimal taxation with endogenously incomplete debt markets

Article Abstract:

A study is conducte on government debt markets and government spending, to design an optimal taxation policy to draw correlation between government spending and government debt sales.

Public Finance Activities, Science & research, Expenditures-Total Govt, Expenditures-State Govt, Research, Expenditures, Public, Public expenditures, Tax policy

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On credible monetary policy and private government information

Article Abstract:

Credible and optimal monetary policies are considered in terms of private government information.

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