Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10009381528
Persistent link: https://www.econbiz.de/10003830161
This paper studies the implications of inflation persistence (generated by backward-looking price setters) for monetary policy in a New Keynesian "input-output" model--a model with sticky prices in both intermediate and final goods sectors. Optimal policy under commitment depends on the degree...
Persistent link: https://www.econbiz.de/10008691025