Work

Preferences, Nominal Rigidities, and Monetary Policy

Year: 2014

Type: dissertation

Abstract: This thesis takes an alternative view on preferences and nominal rigidities and studies their implications for monetary policy. While the alternative view on preferences provides rationales for long-run effects of monetary policy and endogenous price stickiness, the alternative view on nominal rigidities challenges the time-dependent pricing paradigm and questions the high degree of nominal inertia estimated from quarterly data. The thesis shows that each of these alternative views has far reaching implications for the conduct of monetary policy analysis.

Source: Multimedialen Archiv und Publikationsserver der Christian-Albrechts-Universität zu Kiel (Christian-Albrechts-Universität zu Kiel)

Author: Ahrens, Steffen

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

Funder: Technische Universität Berlin

OpenAlex ID: W2614688174

Cites: 89

Cited by:

Related to: 10