Inflation Inertia and Credible Disinflation - The Open Economy Case
收藏数据链接：
官方服务：
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
