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Micro data on nominal rigidity, inflation persistence and optimal monetary policy
Kara, Engin - 2009
explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …
Persistent link: https://www.econbiz.de/10011597192
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Micro data on nominal rigidity, inflation persistence and optimal monetary policy
Kara, Engin - Nationale Bank van België/Banque national de Belqique (BNB) - 2009
explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …
Persistent link: https://www.econbiz.de/10005005725
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Micro Data on Nominal Rigidity, Inflation Persistence and Optimal Monetary Policy
Kara, Engin - 2010
explain the persistence of inflation. However, both of these theories are inconsistent with the micro data on prices. In this … difference between the GTE and its popular alternatives in terms of inflation persistence, a difference arises when it comes to …
Persistent link: https://www.econbiz.de/10013137714
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Firm-specific production factors in a DSGE model with Taylor price setting
de Walque, Gregory; Smets, Frank; Wouters, Raf - 2006
This paper compares the Calvo model with a Taylor contracting model in the context of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and discuss how this assumption can help to reduce...
Persistent link: https://www.econbiz.de/10011604694
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Firm-specific production factors in a DSGE model with Taylor price setting
De Walque, Gregory; Smets, Frank; Wouters, Raf - 2006
This paper compares the Calvo model with a Taylor contracting model in the context of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and discuss how this assumption can help to reduce...
Persistent link: https://www.econbiz.de/10011506607
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Firm-specific production factors in a DSGE model with Taylor price setting
De Walque, Gregory; Smets, Frank; Wouters, Rafael - 2006
This paper compares the Calvo model with a Taylor contracting model in the context of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and discuss how this assumption can help to reduce...
Persistent link: https://www.econbiz.de/10003367994
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Monetary policy regimes and inflation persistence in the United Kingdom
Zakipour-Saber, Shayan - 2019
This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for … and stochastic shock volatility. The first policy regime responds passively to movements in inflation, adjusting the … other regime responds actively to inflation and places less weight on exchange rate movements. This regime is present for …
Persistent link: https://www.econbiz.de/10012121979
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Asymmetric labor market institutions in the EMU: Positive and normative implications
Abbritti, Mirko; Mueller, Andreas - 2009
. Positively, we find that inflation and unemployment differentials strongly depend on the underlying labor market structures …
Persistent link: https://www.econbiz.de/10010316806
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Inflation persistence and monetary policy design: an overview
Levin, Andrew T.; Moessner, Richhild - 2005
How monetary policy should be set optimally when the structure of the economy exhibits inflation persistence is an … important question for policy makers. This paper provides an overview of the implications of inflation persistence for the …
Persistent link: https://www.econbiz.de/10011604585
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Oligopolistic competition and optimal monetary policy
Faia, Ester - 2009
stabilizing inflation and reducing inefficient fluctuations, which is resolved by using consumer price inflation as a state … might improve upon a strict inflation targeting. …
Persistent link: https://www.econbiz.de/10010265256