Expectations and the Rate of Inflation
收藏NBER2022-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30260
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资源简介：
What is the effect of higher expectations of future inflation on current inflation? I compute this passthrough for a series of canonical firm-pricing models, but allowing for arbitrary (non-rational) expectations. In the Calvo model, the expectational-passthrough can be made arbitrarily close to
提供机构：
美国国家经济研究局
创建时间：
2022-07-01
