Dennis, Richard J. (contributor) - 2003 - [Elektronische Ressource]
, inflation, and interest
rate dynamics. We consider models in which either internal habit formation or
external habit formation … influence consumption behavior, and in which Calvo-
pricing and inflation indexation generate price and inflation inertia … with the data.
Keywords: Habit Formation, Inflation Dynamics, Optimal Policy.
JEL Classification: E52, E58.
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The paper has …