Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation
收藏NBER2008-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14621
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资源简介：
With positive trend inflation, the Taylor principle is not enough to guarantee a determinate equilibrium. We provide new theoretical results on restoring determinacy in New Keynesian models with positive trend inflation and combine these with new empirical findings on the Federal Reserve's reaction
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美国国家经济研究局创建时间：
2008-12-01
