Optimal monetary policy with staggered wage and price contracts

Discretion versus policy rules in practice

John B. Taylor · Carnegie-Rochester Conference Series on Public Policy · 1993 · 9K citations

Public Affairs, Public Policy, Regulatory Policy +8

MONOPOLISTIC COMPETITION AND OPTIMUM PRODUCT DIVERSITY

Avinash Dixit, Joseph E. Stiglitz · AgEcon Search (University of Minnesota, USA) · 1975 · 7.6K citations · Full text

Social Sciences, Business Economics, Economics +11

Staggered prices in a utility-maximizing framework

Guillermo A. Calvo · Journal of Monetary Economics · 1983 · 7.4K citations

Business, Business Economics, Economics +10

Aggregate Dynamics and Staggered Contracts

John B. Taylor · Journal of Political Economy · 1980 · 2.5K citations

Social Sciences, Business Economics, Economics +15

The Solution of Linear Difference Models under Rational Expectations

Olivier Blanchard, Charles M. Kahn · Econometrica · 1980 · 2.5K citations

Natural Sciences, Economics, Mathematics +7