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- W2050792137 abstract "We study interest rate rules responding to stock prices in a sticky-price sticky-wage New-Keynesian framework subject to consumption externalities. For given wage rigidity, such rules are beneficial to equilibrium determinacy if households’ preferences feature sufficiently strong keeping-up-with-the-Joneses externalities." @default.
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- W2050792137 date "2013-09-01" @default.
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- W2050792137 title "Monetary policy, stock prices, and consumption externalities" @default.
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- W2050792137 doi "https://doi.org/10.1016/j.econlet.2013.06.015" @default.
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