Zero Lower Bound on Inflation Expectations
收藏NBER2021-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29496
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资源简介：
We document a new fact: in U.S., European and Japanese surveys, households do not expect deflation, even in environments where persistent deflation is a strong possibility. This fact stands in contrast to the standard macroeconomic models with rational expectations. We extend a New Keynesian model
提供机构：
美国国家经济研究局
创建时间：
2021-11-01
