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Stefania Albanesi

Professor of Economics · University of Pittsburgh

Professor of Economics at the University of Pittsburgh and Visiting Scholar at the Minneapolis Fed Institute. Research spans macroeconomics, household finance, labor and public economics.

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Published Classic Review of Economic Studies Published Oct 2003

Expectation Traps and Monetary Policy

Stefania Albanesi · V. V. Chari · Lawrence J. Christiano

Embedding the Kydland-Prescott/Barro-Gordon time-inconsistency logic into a standard sticky-price, cash-credit-goods general equilibrium model, this paper shows the model generically has either two …

Monetary Policy Rules Expectations Learning Free Read ↗