Pricing Policies and Inflation Inertia /

Pricing Policies and Inflation Inertia /

This paper provides a monetary model with nominal rigidities that differs from the conventional New Keynesian model with firms setting pricing policies instead of price levels. In response to permanent or highly persistent monetary policy shocks this model generates the empirically observed slow (in...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir:	Kumhof, Michael
Rannpháirtithe:	Cespedes, Luis, Parrado, Eric
Formáid:	IRIS
Teanga:	English
Foilsithe / Cruthaithe:	Washington, D.C. : International Monetary Fund, 2003.
Sraith:	IMF Working Papers; Working Paper ; No. 2003/087
Rochtain ar líne:	Full text available on IMF

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