Inefficient shocks and optimal monetary policy

Gespeichert in:

Autor*in:	Gupta, Sargam [verfasserIn]

Format:	E-Artikel
Sprache:	Englisch

Erschienen:	2024

Schlagwörter:	Agricultural procurement Inefficient shocks Multisector new Keynesian dynamic stochastic general equilibrium models Optimal monetary policy Optimal simple rules

Übergeordnetes Werk:	Enthalten in: Economic modelling - Amsterdam : Elsevier [u.a.], 1984, 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19
Übergeordnetes Werk:	volume:135 ; year:2024 ; month:06 ; elocationid:106720 ; pages:1-19

Links:	Link aufrufen Link aufrufen

DOI / URN:	10.1016/j.econmod.2024.106720

Katalog-ID:	189134207X

Internformat


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Indexfelder

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allfields	10.1016/j.econmod.2024.106720 doi (DE-627)189134207X (DE-599)KXP189134207X DE-627 ger DE-627 rda eng Gupta, Sargam verfasserin aut Inefficient shocks and optimal monetary policy Sargam Gupta 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206 Enthalten in Economic modelling Amsterdam : Elsevier [u.a.], 1984 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 Online-Ressource (DE-627)320507459 (DE-600)2013002-8 (DE-576)094056749 0264-9993 nnns volume:135 year:2024 month:06 elocationid:106720 pages:1-19 https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf Verlag lizenzpflichtig https://doi.org/10.1016/j.econmod.2024.106720 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 135 2024 6 106720 1-19 26 01 0206 4539465724 x1z 17-06-24 26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.
spelling	10.1016/j.econmod.2024.106720 doi (DE-627)189134207X (DE-599)KXP189134207X DE-627 ger DE-627 rda eng Gupta, Sargam verfasserin aut Inefficient shocks and optimal monetary policy Sargam Gupta 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206 Enthalten in Economic modelling Amsterdam : Elsevier [u.a.], 1984 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 Online-Ressource (DE-627)320507459 (DE-600)2013002-8 (DE-576)094056749 0264-9993 nnns volume:135 year:2024 month:06 elocationid:106720 pages:1-19 https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf Verlag lizenzpflichtig https://doi.org/10.1016/j.econmod.2024.106720 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 135 2024 6 106720 1-19 26 01 0206 4539465724 x1z 17-06-24 26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.
allfields_unstemmed	10.1016/j.econmod.2024.106720 doi (DE-627)189134207X (DE-599)KXP189134207X DE-627 ger DE-627 rda eng Gupta, Sargam verfasserin aut Inefficient shocks and optimal monetary policy Sargam Gupta 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206 Enthalten in Economic modelling Amsterdam : Elsevier [u.a.], 1984 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 Online-Ressource (DE-627)320507459 (DE-600)2013002-8 (DE-576)094056749 0264-9993 nnns volume:135 year:2024 month:06 elocationid:106720 pages:1-19 https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf Verlag lizenzpflichtig https://doi.org/10.1016/j.econmod.2024.106720 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 135 2024 6 106720 1-19 26 01 0206 4539465724 x1z 17-06-24 26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.
allfieldsGer	10.1016/j.econmod.2024.106720 doi (DE-627)189134207X (DE-599)KXP189134207X DE-627 ger DE-627 rda eng Gupta, Sargam verfasserin aut Inefficient shocks and optimal monetary policy Sargam Gupta 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206 Enthalten in Economic modelling Amsterdam : Elsevier [u.a.], 1984 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 Online-Ressource (DE-627)320507459 (DE-600)2013002-8 (DE-576)094056749 0264-9993 nnns volume:135 year:2024 month:06 elocationid:106720 pages:1-19 https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf Verlag lizenzpflichtig https://doi.org/10.1016/j.econmod.2024.106720 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 135 2024 6 106720 1-19 26 01 0206 4539465724 x1z 17-06-24 26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.
allfieldsSound	10.1016/j.econmod.2024.106720 doi (DE-627)189134207X (DE-599)KXP189134207X DE-627 ger DE-627 rda eng Gupta, Sargam verfasserin aut Inefficient shocks and optimal monetary policy Sargam Gupta 2024 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206 Enthalten in Economic modelling Amsterdam : Elsevier [u.a.], 1984 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 Online-Ressource (DE-627)320507459 (DE-600)2013002-8 (DE-576)094056749 0264-9993 nnns volume:135 year:2024 month:06 elocationid:106720 pages:1-19 https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf Verlag lizenzpflichtig https://doi.org/10.1016/j.econmod.2024.106720 Resolving-System lizenzpflichtig GBV_USEFLAG_U GBV_ILN_26 ISIL_DE-206 SYSFLAG_1 GBV_KXP GBV_ILN_20 GBV_ILN_22 GBV_ILN_23 GBV_ILN_24 GBV_ILN_31 GBV_ILN_32 GBV_ILN_40 GBV_ILN_60 GBV_ILN_62 GBV_ILN_65 GBV_ILN_69 GBV_ILN_70 GBV_ILN_73 GBV_ILN_74 GBV_ILN_90 GBV_ILN_95 GBV_ILN_100 GBV_ILN_105 GBV_ILN_110 GBV_ILN_151 GBV_ILN_187 GBV_ILN_213 GBV_ILN_224 GBV_ILN_230 GBV_ILN_370 GBV_ILN_602 GBV_ILN_702 GBV_ILN_2001 GBV_ILN_2003 GBV_ILN_2004 GBV_ILN_2005 GBV_ILN_2007 GBV_ILN_2008 GBV_ILN_2009 GBV_ILN_2010 GBV_ILN_2011 GBV_ILN_2014 GBV_ILN_2015 GBV_ILN_2020 GBV_ILN_2021 GBV_ILN_2025 GBV_ILN_2026 GBV_ILN_2027 GBV_ILN_2034 GBV_ILN_2044 GBV_ILN_2048 GBV_ILN_2049 GBV_ILN_2050 GBV_ILN_2055 GBV_ILN_2056 GBV_ILN_2059 GBV_ILN_2061 GBV_ILN_2064 GBV_ILN_2088 GBV_ILN_2106 GBV_ILN_2110 GBV_ILN_2111 GBV_ILN_2112 GBV_ILN_2122 GBV_ILN_2129 GBV_ILN_2143 GBV_ILN_2152 GBV_ILN_2153 GBV_ILN_2190 GBV_ILN_2232 GBV_ILN_2336 GBV_ILN_2470 GBV_ILN_2507 GBV_ILN_4035 GBV_ILN_4037 GBV_ILN_4112 GBV_ILN_4125 GBV_ILN_4242 GBV_ILN_4249 GBV_ILN_4251 GBV_ILN_4305 GBV_ILN_4306 GBV_ILN_4307 GBV_ILN_4313 GBV_ILN_4322 GBV_ILN_4323 GBV_ILN_4324 GBV_ILN_4325 GBV_ILN_4326 GBV_ILN_4333 GBV_ILN_4334 GBV_ILN_4338 GBV_ILN_4393 GBV_ILN_4700 AR 135 2024 6 106720 1-19 26 01 0206 4539465724 x1z 17-06-24 26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.
language	English
source	Enthalten in Economic modelling 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 volume:135 year:2024 month:06 elocationid:106720 pages:1-19
sourceStr	Enthalten in Economic modelling 135(2024) vom: Juni, Artikel-ID 106720, Seite 1-19 volume:135 year:2024 month:06 elocationid:106720 pages:1-19
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institution	findex.gbv.de
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topic_facet	Agricultural procurement Inefficient shocks Multisector new Keynesian dynamic stochastic general equilibrium models Optimal monetary policy Optimal simple rules
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code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">135</subfield><subfield code="j">2024</subfield><subfield code="c">6</subfield><subfield code="i">106720</subfield><subfield code="h">1-19</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">4539465724</subfield><subfield code="y">x1z</subfield><subfield code="z">17-06-24</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="b">Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.</subfield></datafield></record></collection>
author	Gupta, Sargam
spellingShingle	Gupta, Sargam misc Agricultural procurement misc Inefficient shocks misc Multisector new Keynesian dynamic stochastic general equilibrium models misc Optimal monetary policy misc Optimal simple rules Inefficient shocks and optimal monetary policy
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topic_title	26 00 DE-206 Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes Inefficient shocks and optimal monetary policy Sargam Gupta Agricultural procurement (dpeaa)DE-206 Inefficient shocks (dpeaa)DE-206 Multisector new Keynesian dynamic stochastic general equilibrium models (dpeaa)DE-206 Optimal monetary policy (dpeaa)DE-206 Optimal simple rules (dpeaa)DE-206
topic	misc Agricultural procurement misc Inefficient shocks misc Multisector new Keynesian dynamic stochastic general equilibrium models misc Optimal monetary policy misc Optimal simple rules
topic_unstemmed	misc Agricultural procurement misc Inefficient shocks misc Multisector new Keynesian dynamic stochastic general equilibrium models misc Optimal monetary policy misc Optimal simple rules
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title	Inefficient shocks and optimal monetary policy
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title_full	Inefficient shocks and optimal monetary policy Sargam Gupta
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title_sort	inefficient shocks and optimal monetary policy
title_auth	Inefficient shocks and optimal monetary policy
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title_short	Inefficient shocks and optimal monetary policy
url	https://www.sciencedirect.com/science/article/pii/S0264999324000762/pdfft?md5=6b0b87a37d3226d841e02a4e356743fd&pid=1-s2.0-S0264999324000762-main.pdf https://doi.org/10.1016/j.econmod.2024.106720
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ind1=" " ind2=" "><subfield code="a">GBV_ILN_4322</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4323</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4324</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4325</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4326</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4333</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4334</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4338</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4393</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4700</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">135</subfield><subfield code="j">2024</subfield><subfield code="c">6</subfield><subfield code="i">106720</subfield><subfield code="h">1-19</subfield></datafield><datafield tag="980" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">01</subfield><subfield code="x">0206</subfield><subfield code="b">4539465724</subfield><subfield code="y">x1z</subfield><subfield code="z">17-06-24</subfield></datafield><datafield tag="982" ind1=" " ind2=" "><subfield code="2">26</subfield><subfield code="1">00</subfield><subfield code="x">DE-206</subfield><subfield code="b">Real disturbances that lead to trade-offs between inflation and output gap stabilization have not been studied much in the context of monetary policy settings in emerging markets and developing economies (EMDEs). We identify market price support present in the agriculture sectors of the EMDEs as inefficient shocks that lead to such trade-offs. Using a three-sector new Keynesian dynamic stochastic general equilibrium model, we show trade-offs between core-inflation and output gap stabilization under discretionary and commitment policies. This result departs from the popular viewpoint, stating that the strict core-inflation targeting is an optimal monetary policy for EMDEs susceptible to relative price changes.</subfield></datafield></record></collection>
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Inefficient shocks and optimal monetary policy

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