When taken to examine disinflation monetary policies, the current workhorse DSGE model of business cycle fluctuations … downturn, disinflation entails non-zero overall welfare gains. …

When used to examine disinflation monetary policies, the current workhorse dynamic stochastic general equilibrium model … and show that, despite the long-lasting economic downturn, disinflation entails non-zero overall welfare gains. …

When used to examine disinflation monetary policies, the current workhorse dynamic stochastic general equilibrium model … and show that, despite the long-lasting economic downturn, disinflation entails non-zero overall welfare gains. …

When taken to examine disinflation monetary policies, the current workhorse DSGE model of business cycle fluctuations … downturn, disinflation entails non-zero overall welfare gains …

When used to examine disinflation monetary policies, the current workhorse dynamic stochastic general equilibrium model … and show that, despite the long-lasting economic downturn, disinflation entails non-zero overall welfare gains. …

Successful disinflation episodes have been shown to involve a sustained period of output contraction. We revisit the … from disinflation is not affected by the actual policy implementation: what really matters is the achievement of a …

We use a standard new Keynesian model to evaluate the cost of disinflation - measured by the sacrifice ratio, the … central bank's loss function, and the welfare cost - in a small open economy vis-à-vis a closed economy. Disinflation is …

We use a standard new Keynesian model to evaluate the cost of disinflation - measured by the sacrifice ratio, the … central bank's loss function, and the welfare cost - in a small open economy vis-à-vis a closed economy. Disinflation is …

Successful disinflation episodes have been shown to involve a sustained period of output contraction. We revisit the … from disinflation is not affected by the actual policy implementation: what really matters is the achievement of a …

overall welfare gain is not affected by how the disinflation is actually implemented: what really matters is the achievement …