Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 444-457
In this paper we use a Dynamic Stochastic General Equilibrium (DSGE) model for an open economy to examine the role of sticky prices in explaining the joint behaviour of inflation and a fairly large set of macroeconomic variables. We find that price stickiness is an important feature for firms...
