Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
收藏NBER2001-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8403
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资源简介：
We present a model embodying moderate amounts of nominal rigidities which accounts for the observed inertia in inflation and persistence in output. The key features of our model are those that prevent a sharp rise in marginal costs after an expansionary shock to monetary policy. Of these features,
提供机构：
美国国家经济研究局
创建时间：
2001-07-01
