Monetary Magic? : How the Fed Improved the Flexibility of the U.S. Economy /
Extending recent theoretical contributions on sources of inflation inertia, we argue that monetary uncertainty accounts for sluggish expectations adjustment to nominal disturbances. Estimating a model in which rational individuals learn over time about shifts in U.S. monetary policy and the Phillips...
| Κύριος συγγραφέας: | |
|---|---|
| Άλλοι συγγραφείς: | |
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2004.
|
| Σειρά: | IMF Working Papers; Working Paper ;
No. 2004/024 |
| Διαθέσιμο Online: | Full text available on IMF |