five

Expectations and the Rate of Inflation

收藏
NBER2022-07-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w30260
下载链接
链接失效反馈
官方服务:
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
创建时间:
2022-07-01
二维码
社区交流群
二维码
科研交流群
商业服务