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...
| Hlavní autor: | |
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| Další autoři: | , |
| Médium: | Časopis |
| Jazyk: | English |
| Vydáno: |
Washington, D.C. :
International Monetary Fund,
2003.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2003/087 |
| On-line přístup: | Full text available on IMF |