Inflation Inertia and Credible Disinflation - The Open Economy Case
收藏NBER2003-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9557
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资源简介：
This paper develops a model of inflation inertia based on optimizing forward looking staggered price setting in a small open economy. Unlike in current models of sticky prices, transitions to a lower steady state inflation rate take time even if they are fully credible, and they are associated with
提供机构：
美国国家经济研究局
创建时间：
2003-03-01
