Yao, Fang - Sonderforschungsbereich Ökonomisches Risiko <Berlin>
useful to analyze various monetary policy issues.
Recently, one of the main criticisms of the Calvo approach is that it … monetary
policy research, in that it compromises of a better modeling of the pricing mechanism and
tractability of the model …., P. J. Klenow, and B. A. Malin (2009), Reset price in�ation and the impact of
monetary policy shocks, Working Paper 14787 …