Neely, Christopher J. (contributor); … - 2008
rates when there is a significant chance of deflation.
5
Peláez (1995) provides evidence that inflation-expectation errors …; Neoclassical growth model;
Monetary policy; Persistence; Unit root; Fractional integration; Nonlinearities; Structural breaks … theoretical models allow for some changes in
the economy—for example, changes in fiscal or monetary policy—to alter the steady …