Disinflation With Imperfect Credibility
收藏NBER1992-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3983
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资源简介：
This paper presents a theory of the real effects of disinflation. As in New Keynesian models, price adjustment is staggered across firms, As in New Classical models, credibility is imperfect: the monetary authority may not complete a promised disinflation. The combination of imperfect credibility
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美国国家经济研究局创建时间：
1992-02-01
