". We find that allowing for teaching by doing effects always speeds up the disinflation and leads to lower inflation … persistence. So, we clarify why "speed" in the disinflation process does not necessarily "kill" in the sense of creating large …

? We show that wageindexation to expected inflation, increased central bank credibility and ahigher frequency of wage … adjustments can increase the effect of monetarypolicy and can decrease the cost of disinflation. Important welfare gainscan be … inflationforecasts since these actions increase central bank credibility. Wage policieslike the one proposed by the Colombian …

We use a standard new Keynesian model to evaluate the cost of disinflation - measured by the sacrifice ratio, the … central bank's loss function, and the welfare cost - in a small open economy vis-à-vis a closed economy. Disinflation is …

When taken to examine disinflation monetary policies, the current workhorse DSGE model of business cycle fluctuations … downturn, disinflation entails non-zero overall welfare gains. …

When used to examine disinflation monetary policies, the current workhorse dynamic stochastic general equilibrium model … and show that, despite the long-lasting economic downturn, disinflation entails non-zero overall welfare gains. …

Successful disinflation episodes have been shown to involve a sustained period of output contraction. We revisit the … from disinflation is not affected by the actual policy implementation: what really matters is the achievement of a …

We use a standard new Keynesian model to evaluate the cost of disinflation - measured by the sacrifice ratio, the … central bank's loss function, and the welfare cost - in a small open economy vis-à-vis a closed economy. Disinflation is …

disinflation is actually implemented: what really matters is the achievement of a permanently lower inflation rate. …