Mash, Richard (contributor) - 2007
policy literature. The extent to which these firms adjust their prices to lagged inflation has been taken as fixed. We … these firms adjust their prices to lagged inflation has been
taken as fixed. We consider the implications of firms choosing … persistence.
JEL: E52, E58, E22
Keywords: Indexing, Monetary Policy, Phillips Curve, Inflation Persistence, Microfoundations …