Monetary policy responses and strategic price setting

Monetary policy responses and strategic price setting

This paper shows that the systematic component of monetary policy is a potential determinant of the degree of strategic complementarity. Among its wider implications this result also points to an important interaction between the systematic and irregular components of monetary policy.

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Veröffentlicht in:Economics letters 2007-06, Vol.95 (3), p.327-333
1. Verfasser: Bratsiotis, George J.
Format: Artikel
Sprache:eng
Schlagworte:
Monetary policy
Monetary policy rules
Policy analysis
Price formation
Price setting
Real rigidities
Strategic complementarity
Strategic planning
Structural analysis
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Beschreibung
Zusammenfassung:This paper shows that the systematic component of monetary policy is a potential determinant of the degree of strategic complementarity. Among its wider implications this result also points to an important interaction between the systematic and irregular components of monetary policy.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2006.10.014