Monetary policy and distribution

Journal of Monetary Economics

Volumn 55, Issue 6, 2008, Pages 1038-1053

  Williamson, Stephen D ^a,b,c  

^a WASHINGTON UNIVERSITY   (United States)

^b FEDERAL RESERVE BANK OF RICHMOND   (United States)

^c FEDERAL RESERVE BANK OF ST LOUIS   (United States)

Author keywords

Monetary policy; Segmented markets

Indexed keywords

EID: 52749089816     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2008.07.001     Document Type: Article

References (20)

1. Aizcorbe A., Kennickell A., and Moore K. Recent changes in U.S. family finances: evidence from the 1998 and 2001 survey of consumer finances. Federal Reserve Bulletin 89 (2003) 1-32
2. Alvarez F., and Atkeson A. Money and exchange rates in the Grossman-Weiss-Rotemberg model. Journal of Monetary Economics 40 (1997) 619-640
3. Alvarez F., Atkeson A., and Kehoe P. Money, interest rates, and exchange rates with endogenously segmented markets. Journal of Political Economy 110 (2002) 73-112
4. Bils M., and Klenow P. Some evidence on the importance of sticky prices. Journal of Political Economy 112 (2004) 947-985
5. Cooley T., and Hansen G. The inflation tax in a real business cycle model. American Economic Review 79 (1989) 733-748
6. Golosov M., and Lucas R. Menu costs and Phillips curves. Journal of Political Economy 115 (2007) 171-199
7. Head, A., Lapham, B., 2005. Limited participation, market power and inflation dynamics. Working Paper, Queen's University.
8. Head A., and Shi S. A fundamental theory of exchange rates and direct currency trades. Journal of Monetary Economics 50 (2003) 1555-1592
9. Khan, A., Thomas, J., 2007. Inflation and interest rates with endogenous market segmentation. Working Paper, Federal Reserve Bank of Philadelphia.
10. Khan A., King R., and Wolman A. Optimal monetary policy. Review of Economic Studies 70 (2003) 825-860
11. Lagos R., and Wright R. A unified framework for monetary theory and policy analysis. Journal of Political Economy 113 (2005) 463-484
12. Lucas R. Liquidity and interest rates. Journal of Economic Theory 50 (1990) 237-264
13. Lucas R. Inflation and welfare. Econometrica 68 (2000) 247-274
14. Shi S. A divisible model of fiat money. Econometrica 65 (1997) 75-102
15. Shi, S., 2004. Liquidity, interest rates, and output. Working Paper, University of Toronto.
16. Wallace N. A dictum for monetary theory. Minneapolis Federal Reserve Bank Quarterly Review Winter (1998) 20-26
17. Williamson S. Search, limited participation, and monetary policy. International Economic Review 47 (2006) 107-128
18. Williamson, S., 2007. Transactions, credit, and central banking in a model of segmented markets. Working Paper, Washington University in St. Louis.
19. Williamson, S., 2008. Appendix to monetary policy and distribution. Available at 〈http://www.artsci.wustl.edu/∼swilliam/papers/money10appendix.pdf〉.
20. Woodford, M., 2007. How important is money in the conduct of monetary policy? Working Paper, Columbia University.