Disinflation With Imperfect Credibility
收藏数据链接：
官方服务：
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
提供机构：
美国国家经济研究局创建时间：
1992-02-01
