Ball, Laurence M. (contributor) - 2000 - [Elektronische Ressource]
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ABSTRACT
Sticky-price models with rational expectations fail to
capture the inertia in U.S. inflation. Models with
backward … information on
past inflation optimally, but they ignore other variables.
The paper tests sticky-price models with near …
inflation? Since Fischer (1978), many researchers have sought to
do so with models that combine nominal price stickiness and …