Optimal Monetary Policy: Theory and Practice

A Special Issue of the Journal of Macroeconomics

Editors: Oliver de Groot (Guest), Roberto Motto (Guest), and William Lastrapes (Managing)

Find the full issue here

Guest editors’ introduction: Optimal monetary policy: Theory and practice
Oliver de Groot, Roberto Motto

Unconditionally optimal Ramsey policy
Tatiana Damjanovic, Vladislav Damjanovic, Charles Nolan

Uncertainty shocks, precautionary pricing, and optimal monetary policy
Daeha Cho, Yoonshin Han, Joonseok Oh, Anna Rogantini Picco

Imperfect credibility, sticky wages, and welfare
Ricardo Nunes, Donghyun Park, Luca Rondina

Monetary policy strategies in the New Normal: A model-based analysis for the euro area
Fabio Busetti, Stefano Neri, Alessandro Notarpietro, Massimiliano Pisani

Asymmetric monetary policy rules for the euro area and the US
Junior Maih, Falk Mazelis, Roberto Motto, Annukka Ristiniemi

Optimal monetary–fiscal policy in the euro area liquidity crisis

Pasquale Filiani

News-driven international credit cycles
Galip Kemal Ozhan