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Dale W. Henderson

Economist whose work on optimal monetary policy with staggered wage and price contracts, with Erceg and Levin, was produced through the Federal Reserve Board's International Finance Discussion Papers series. No current position is stated in the sources reached.

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Published Classic Journal of Monetary Economics Published Oct 2000

Optimal monetary policy with staggered wage and price contracts

Christopher J. Erceg · Dale W. Henderson · Andrew T. Levin

In an optimizing-agent model where both wages and prices are set in staggered Calvo contracts, monetary policy cannot reach the allocation that would prevail under fully flexible wages and prices, …

Nominal Rigidities Optimal Policy New Keynesian Monetary Policy Rules Wages Free Read ↗