Policy coordination

Optimal monetary policy in a two-country new Keynesian model with deep consumption habits
This study develops a two-country New Keynesian model incorporating deep habits in consumption to analyze macroeconomic dynamics under …
Mitsuhiro Okano
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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
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International heterogeneity of nominal wages and optimal monetary policy