Learning About Inflation Measures for Interest Rate Rules /

Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of price rigidity. We develop a DSGE model featuring heterogeneous nominal rigidities across two sectors to study the equilibrium determinacy and stability under adaptive learning for interest rate rules that...

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Détails bibliographiques
Auteur principal: Zanna, Luis-Felipe
Autres auteurs: Airaudo, Marco
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 2010.
Collection:IMF Working Papers; Working Paper ; No. 2010/296
Accès en ligne:Full text available on IMF