Browsing Handelshøyskolen BI by Journals "The International Journal of Central Banking"
Now showing items 1-1 of 1
-
Optimal Monetary Policy with Nominal Rigidities and Lumpy Investment
(Journal article; Peer reviewed, 2017)New Keynesian theory generally abstracts from the lumpy nature of plant-level investment. Given the prominent role of investment spending for shaping optimal monetary policy, this simplification could be problematic. Our ...