粘着性のある企業行動とマクロ経済政策
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概要
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This paper analyzes the macrodynamics by which the government controls government spending and the central bank controls long-term interest rates under the New-Keynesian economy. This study focuses on the sticky-price model, in which firms staggeringly set the prices of the goods over time, and sticky-information model, in which firms staggeringly obtain information over time, by using linear quadratic differential games. I show the interactions between the strategies of two policy authorities and the implications of these strategies under their respective models.JEL classification: C73, D43, E12, E63