[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-18240":3,"doc-seo-18240":27},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"file_id":15,"file_url":16,"file_type":17,"file_size":18,"view_count":19,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"table_of_contents":24,"faqs":24,"seo_title":13,"seo_description":14,"update_tm":25,"read_time":26},18240,1099514067438,"River Wang","https://ap-avatar.wpscdn.com/avatar/100002539ee87300030?x-image-process=image/resize,m_fixed,w_180,h_180&k=1780474512215547542",8,"Research & Report","Optimal Monetary Policy in Production Networks","Studies optimal monetary policy in a multisector production economy where firms trade intermediate inputs across a production network. Provides a necessary and sufficient condition for implementing flexible-price equilibria under nominal rigidities, shows generically that first-best allocations cannot be implemented, and characterizes the optimal policy using network structure and the degree and type of nominal rigidities. Optimal stabilization assigns larger weights to larger, stickier, more upstream industries and to industries with less sticky upstream suppliers but stickier downstream customers, yielding welfare gains in a calibrated model.","cbCaijqoN9vilAV1","https://ap.wps.com/l/cbCaijqoN9vilAV1","pdf",572049,10,1,43,"English","en","",1776590706,108,{"code":4,"msg":28,"data":29},"ok",{"site_id":30,"language":23,"slug":31,"title":13,"keywords":24,"description":14,"schema_data":32,"social_meta":67,"head_meta":70,"extra_data":72,"updated_unix":25},105,"optimal-monetary-policy-in-production-networks",{"@graph":33,"@context":66},[34,51],{"@type":35,"itemListElement":36},"BreadcrumbList",[37,41,45,48],{"item":38,"name":39,"@type":40,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":42,"name":43,"@type":40,"position":44},"https://docshare.wps.com/document/","Document",2,{"item":46,"name":12,"@type":40,"position":47},"https://docshare.wps.com/document/research-report/",3,{"item":49,"name":13,"@type":40,"position":50},"https://docshare.wps.com/document/optimal-monetary-policy-in-production-networks/18240/",4,{"url":49,"name":13,"@type":52,"author":53,"headline":13,"publisher":55,"fileFormat":58,"description":14,"dateModified":59,"datePublished":60,"encodingFormat":58,"isAccessibleForFree":61,"interactionStatistic":62},"DigitalDocument",{"name":9,"@type":54},"Person",{"url":38,"name":56,"@type":57},"DocShare","Organization","application/pdf","2026-06-04","2026-04-19",true,{"@type":63,"interactionType":64,"userInteractionCount":19},"InteractionCounter",{"@type":65},"ViewAction","https://schema.org",{"og:url":68,"og:type":69,"og:title":13,"og:site_name":56,"og:description":14},"https://docshare.wps.com/document/optimal-monetary-policy-in-production-networks/18240","article",{"robots":71,"canonical":68},"index,follow",{"doc_id":7,"site_id":30}]