Spatiotemporal inflation dynamics in response to a monetary policy shock

This note characterizes the adjustment of the inflation rate towards a new steady-state, in response to a monetary policy shock. The sluggish nature of the adjustment is the straightforward outcome of the type of information dissemination one considers. Namely, firms will be grouped in clusters, and it will be assumed that information spreads faster within than between clusters.

MoreLess

Year of publication:	2013
Authors:	Gomes, Orlando
Published in:	Economics and Business Letters. - Departamento de Economía. - Vol. 2.2013, 2, p. 54-65
Publisher:	Departamento de Economía

More details

Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011208131