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Original Articles

Optimal monetary policy and the equivalency between the one-period AD–AS model and the forward-looking New Keynesian model

Pages 541-544 | Published online: 23 Aug 2006

References

  • Cecchetti , SG . 1998 . Policy rules and targets: framing the central banker's problem . Economic Policy Review , 4 : 1 – 14 .
  • Cecchetti , SG and Krause , S . 2001 . Financial structure, macroeconomic stability and monetary policy. NBER Working Paper No. 8354
  • Clarida , R , Galí , J and Gertler , M . 1999 . The science of monetary policy: a New Keynesian perspective . Journal of Economic Literature , 37 : 1661 – 707 .
  • Eichengreen , B . 2004 . Viewpoint: understanding the great depression . Canadian Journal of Economics , 37 : 1 – 27 .
  • Krause , S . 2003 . Why should policy makers care about inflation and output variability? The role of monetary policy stabilization under asymmetric information , 03 – 13 . Department of Economics, Emory University . Working Paper
  • Roberts , J . 1995 . New Keynesian economics and the Phillips curve . Journal of Money, Credit, and Banking , 27 : 975 – 84 .

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