Nominal rigidities and monetary policy in Canada

Journal of Macroeconomics

Volumn 28, Issue 2, 2006, Pages 303-325

  Dib, Ali ^a  

^a BANK OF CANADA   (Canada)

Author keywords

Canadian monetary policy; Sticky prices; Sticky wages

Indexed keywords

EID: 33646381866     PISSN: 01640704     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmacro.2004.07.010     Document Type: Article

References (27)

1. Blanchard J.-O., and Kahn C.M. The solution of linear difference models under rational expectations. Econometrica 48 (1980) 1305-1311
2. Calvo G.A. Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12 (1983) 383-398
3. Chari V.V., Kehoe P.J., and McGrattan E.R. Sticky-price models of the business cycle: Can the contract multiplier solve the persistence problem?. Econometrica 68 (2000) 1151-1179
4. Christiano L.J., Eichenbaum M., and Evans C. Nominal rigidities and the dynamic effects of a shock to monetary policy. Journal of Political Economy 113 (2005) 1-45
5. Clarida R., Galí J., and Gertler M. Monetary policy rules and macroeconomic stability: Evidence and some theory. Quarterly Journal of Economics 115 (2000) 147-180
6. Clarida R., Galí J., and Gertler M. Optimal monetary policy in closed versus open economies: An integrated approach. The American Economic Review 91 (2001) 248-252
7. Dib A. An estimated Canadian DSGE model with nominal and real rigidities. Canadian Journal of Economics 36 (2003) 949-972
8. Dib, A., Phaneuf, L., 2001. An econometric US business cycle model with nominal and real rigidities. CIRPEE, Université du Québec à Montréal, Working Paper #137.
9. Erceg C.J., Henderson D.W., and Levin A.T. Optimal monetary policy with staggered wage and price contracts. Journal of Monetary Economics 46 (2000) 281-313
10. Hansen, L.P., Sargent, T.J., 1998. Recursive linear models of dynamic economics. Manuscript, University of Chicago.
11. Henderson D.W., and Kim J. Exact utilities under alternative monetary rules in a simple macro model with optimizing agents. International Tax and Public Finance 6 (1999) 507-535
12. Hendry S., and Zhang G.-J. Liquidity effects and market frictions. Journal of Macroeconomics 23 (2001) 153-176
13. Huang K.X.D., and Liu Z. Staggered price-setting, staggered wage-setting, and business cycle persistence. Journal of Monetary Economics 49 (2002) 405-433
14. Huang, K.X.D., Liu, Z., Phaneuf, L., 2000. On the transmission of monetary policy shocks. CIRPEE, Université du Québec à Montréal, Working Paper #112.
15. Ireland P.N. The role of countercyclical monetary policy. Journal of Political Economy 104 (1996) 704-723
16. Ireland P.N. A small, structural, quarterly model for monetary policy evaluation. Carnegie-Rochester Series on Public Policy 47 (1997) 83-108
17. Ireland P.N. The optimal monetary response to technology shocks. Economic Inquiry 35 (1997) 451-463
18. Ireland P.N. Interest rates, inflation, and federal reserve policy since 1980. Journal of Money, Credit, and Banking 32 (2000) 417-431
19. Ireland P.N. Sticky-price models of the business cycle: Specification and stability. Journal of Monetary Economics 47 (2001) 3-18
20. Ireland P.N. Endogenous money or sticky prices?. Journal of Monetary Economics 50 (2003) 1623-1648
21. Khan, H., Zhu, Z., 2002. Estimates of the sticky information Phillips Curve for the United States, Canada, and the United Kingdom. Bank of Canada Working Paper #2002-19.
22. Kim J. Constructing and estimating a realistic optimizing model of monetary policy. Journal of Monetary Economics 45 (2000) 329-359
23. McCallum B.T., and Nelson E.C. An optimizing IS-LM specification for monetary policy and business cycle analysis. Journal of Money, Credit, and Banking 31 (1999) 296-316
24. Poole W. Optimal choice of monetary policy instrument in a simple stochastic macro model. Quarterly Journal of Economics 84 (1970) 197-216
25. Rotemberg J.J. Monopolistic price adjustment and aggregate output. Review of Economic Studies 49 (1982) 517-531
26. Taylor J.B. Aggregate dynamics and staggered contracts. Journal of Political Economy 37 (1980) 345-370
27. Taylor J.B. Discretion versus policy rules in practice. Carnegie-Rochester Series on Public Policy 39 (1993) 195-214