Working Paper
Monetary Policy Under Rational Expectations with Multiperiod Wage Stickiness and an Economywide Credit Market
A reconsideration of the role of monetary policy in a multiperiod sticky-wage model that incorporates rational expectations and displays the natural rate property.
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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