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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Formato: | Revista |
Idioma: | English |
Publicado: |
Washington, D.C. :
International Monetary Fund,
2010.
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Series: | IMF Working Papers; Working Paper ;
No. 2010/296 |
Acceso en liña: | Full text available on IMF |