Showing 1 - 10 of 17,959
Persistent link: https://www.econbiz.de/10010423585
of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …
Persistent link: https://www.econbiz.de/10011409738
Persistent link: https://www.econbiz.de/10003154303
of the New Keynesian Phillips Curce (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …
Persistent link: https://www.econbiz.de/10001666059
Persistent link: https://www.econbiz.de/10001651921
Persistent link: https://www.econbiz.de/10012123440
Persistent link: https://www.econbiz.de/10011791825
Persistent link: https://www.econbiz.de/10010467983
Active interest rate policy is frequently recommended based on its merits in reducing macroeconomic volatility and being a simple and transparent policy device. In a standard New Keynesian model,we show that an even simpler policy, namely an interest rate peg, can be welfare enhancing: The...
Persistent link: https://www.econbiz.de/10013155382
allow money-demand shocks to generate volatility in output and inflation, much as was the case under the money …
Persistent link: https://www.econbiz.de/10012159954