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Micro Data on Nominal Rigidity, Inflation Persistence and Optimal Monetary Policy
Kara, Engin - 2010
The popular Calvo model with indexation (Christiano, Eichenbaum and Evans, 2005) and sticky information (Mankiw and Reis, 2002) model have guided much of the monetary policy discussion. The strength of these approaches is that they can explain the persistence of inflation. However, both of these...
Persistent link: https://www.econbiz.de/10013137714
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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …
Persistent link: https://www.econbiz.de/10012661961
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Inflation expectations, inflation target credibility, and the Covid-19 pandemic : evidence from Germany
Coleman, Winnie; Nautz, Dieter - In: Journal of money, credit and banking : JMCB 55 (2023) 7, pp. 1937-1953
Persistent link: https://www.econbiz.de/10014436111
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Inflation expectations, inflation target credibility and the COVID-19 pandemic : new evidence from Germany
Coleman, Winnie; Nautz, Dieter - 2021
citizens in January 2019 that is designed to measure long-term inflation expectations and the credibility of the inflation … target. Our results indicate that credibility has decreased in our sample period, particularly in the course of the deep … several years, credibility has declined mainly because Germans increasingly expect that inflation will be much higher than 2 …
Persistent link: https://www.econbiz.de/10012590362
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Adjustment costs and nominal rigidities in a small open economy
Maußner, Alfred - In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 4, pp. 463-489
Persistent link: https://www.econbiz.de/10001680857
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Adjustment costs and nominal rigidities in a small open economy
Maußner, Alfred - 2000
Persistent link: https://www.econbiz.de/10001491178
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An explicit inflation target as a commitment device
Libich, Jan - In: Journal of macroeconomics 30 (2008) 1, pp. 43-68
Persistent link: https://www.econbiz.de/10003665199
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Central bank credibility and inflation expectations : a microfounded forecasting approach
Issler, João Victor; Soares, Ana Flávia - In: Macroeconomic dynamics 27 (2023) 5, pp. 1268-1288
Persistent link: https://www.econbiz.de/10014306744
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Identifying the influences of nominal and real rigidities in aggregate price-setting behavior
Coenen, Günter; Levin, Andrew T.; Christoffel, Kai - In: Journal of monetary economics 54 (2007) 8, pp. 2439-2466
Persistent link: https://www.econbiz.de/10003614318
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Identifying the Influences of Nominal and Real Rigidities in Aggregate Price-Setting Behavior
Coenen, Günter; Levin, Andrew T. - 2021
We formulate a generalized price-setting framework that incorporates staggered contracts of multiple durations and that enables us to directly identify the influences of nominal vs. real rigidities. Using German macroeconomic data over the period 1975Q1 through 1998Q4 to estimate this framework,...
Persistent link: https://www.econbiz.de/10013318914