The Cost of Nominal Inertia in NNS Models
收藏NBER2004-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10889
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资源简介：
We calculate the welfare cost of nominal inertia in a New Neoclassical Synthesis model with wage and price stickiness, capital formation, and empirically estimated rules for government spending and the cental bank's interest rate policy. We calibrate our model to U.S. data, and we show that it
提供机构：
美国国家经济研究局
创建时间：
2004-11-01
