Monetary Policy Under Rational Expectations with Multiperiod Wage Stickiness and an Economywide Credit Market

Hoehn, James

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Working Paper

Monetary Policy Under Rational Expectations with Multiperiod Wage Stickiness and an Economywide Credit Market

James Hoehn

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A reconsideration of the role of monetary policy in a multiperiod sticky-wage model that incorporates rational expectations and displays the natural rate property.

12.01.1987WP 87-16

Suggested Citation

Hoehn, James 1987. “Monetary Policy Under Rational Expectations with Multiperiod Wage Stickiness and an Economywide Credit Market” Federal Reserve Bank of Cleveland, Working Paper No. 87-16.

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Monetary Policy Under Rational Expectations with Multiperiod Wage Stickiness and an Economywide Credit Market

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