Browsing School of Economic Sciences and Business by Author "Pontiggia, Dario"
Now showing items 1-6 of 6
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Commitment policy and optimal positive long-run inflation
Pontiggia, Dario (2008)This paper studies different types of commitment policy in an economy where the deterministic steady state is inefficient. We show how a policy suggested by the approach of policy design entails positive long-run inflation, ...
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Inflation persistence and optimal positive long-run inflation
Pontiggia, Dario (2007)Within New Keynesian economics, the optimality of a monetary policy that aims at zero inflation is surprisingly robust. Optimal monetary policy has this character despite the inefficiency of the nonstochastic steady state ...
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Optimal long-run inflation and the New Keynesian model
Pontiggia, Dario (Elsevier, 2012-08)Central banks typically have a long-run inflation target that is modestly positive. However, the standard New Keynesian framework prescribes that zero inflation is the optimal longrun target. In this paper, we show that ...
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Phillips Curve and Optimal Long-run Inflation under Commitment
Pontiggia, Dario (2015-06)The Phillips curve represents the link between the business cycle and infation and constrains the actions of policymakers. In this paper, we study the optimal long-run rate of infation in the presence of a hybrid Phillips ...
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The Relationship Between Agency Problems and Ethical Leadership
Politis, John D.; Pontiggia, Dario (2012-01)Since the start of the recent financial crisis, the salaries of CEO's have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...
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The Relationship Between Agency Problems and Ethical Leadership
Pontiggia, Dario; Politis, John D. (Academic Publishing International Limited, 2012)Since the start of the recent financial crisis, the salaries of CEO’s have constantly made headlines and the issue of management compensation has taken center stage in the public arena. For example, Barack Obama, the US ...