Showing 11 - 20 of 726,054
Persistent link: https://www.econbiz.de/10009511781
evolving Fed credibility, which accords with our recent work using a quantitative New Keynesian model. We define credibility as …, no conflict arises between flexible inflation targeting and maintaining/accumulating credibility. Second, implicit …
Persistent link: https://www.econbiz.de/10013210040
Persistent link: https://www.econbiz.de/10014428123
Persistent link: https://www.econbiz.de/10013327138
Persistent link: https://www.econbiz.de/10010250294
Persistent link: https://www.econbiz.de/10011946669
Persistent link: https://www.econbiz.de/10013197400
We study the properties of the optimal nominal interest rate policy under different levels of price indexation. In our model indexation regulates the sources of inflation persistence. When indexation is zero, the inflation gap is purely forward- looking and inflation persistence depends only on...
Persistent link: https://www.econbiz.de/10010343884
Persistent link: https://www.econbiz.de/10011946660
Persistent link: https://www.econbiz.de/10011432826