Policy coordination

International heterogeneity of nominal wages and optimal monetary policy

This paper examines optimal monetary policy in a two-country model with staggered nominal prices and wages. We show that given home …

Daisuke Ida, Mitsuhiro Okano

International heterogeneity of nominal wages and optimal monetary policy

Optimal monetary policy in a two-country new Keynesian model with deep consumption habits

This study develops a two-country new Keynesian (NK) model that incorporates deep habits in consumption and investigates the …

Mitsuhiro Okano