@article{oai:stars.repo.nii.ac.jp:00009108,
 author = {井田, 大輔 and IDA, Daisuke},
 issue = {2},
 journal = {桃山学院大学経済経営論集, ST.ANDREW'S UNIVERSITY ECONOMIC AND BUSINESS REVIEW},
 month = {Oct},
 note = {The present paper examines how cross-checking monetary policy can
overcome a stabilization bias associated with discretionary policy. The
findings of this paper are summarized as follows. First, the gain from
employing cross-checking optimal monetary policy is considerably affected
by the slope of the new Keynesian Phillips curve (NKPC). The gain from a
cross-checking optimal policy is larger when the slope of the NKPC
flattens. By contrast，the gain diminishes as the slope of the NKPC
becomes steeper. Second, this study also investigates whether the
persistence of a cost-push shock affects the gain from the cross-checking
monetary policy and shows that the gain from the policy increases when a
cost-push shock becomes more persistent. The gain is negligible when
there is a temporary cost-push shock.},
 pages = {63--79},
 title = {金融政策のクロスチェックと安定化バイアス},
 volume = {61},
 year = {2019},
 yomi = {イダ, ダイスケ}
}