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, to maximize welfare the central bank should react more strongly to inflation pressure generated by the more competitive …
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-maximizing central bank should react more aggressively to the inflation pressure generated by the more competitive economy. We extend the …
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We investigate in a competitive setting the consequences of mobile targeting, the practice of firms setting prices based on consumers' real-time locations. A distinct market feature of mobile targeting is that a consumer could travel across different locations for an offer that minimizes his...
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-maximizing central bank should react more aggressively to the inflation pressure generated by the more competitive economy. We extend the …
Persistent link: https://www.econbiz.de/10010295631
of inflation affect inflation responses to monetary policy shocks, in scenarios chosen to capture broadly the conditions … on work by Woodford is used, allowing for positive trend inflation and cyclical variations in competitiveness in a … and cyclical changes in competitiveness on inflation in the short term, in high and low inflation environments. The paper …
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