Credible Disinflation with Staggered Price Setting
收藏NBER1990-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3555
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资源简介：
This paper determines the real effects of credible disinflation when price setting is staggered. The results are surprising: a fairly quick disinflation causes a boom. This finding suggests that nominal price rigidity alone does not explain why disinflation is costly in actual economies.
提供机构：
美国国家经济研究局创建时间：
1990-12-01
