Strong dynamics and natural inflation
نویسندگان
چکیده
منابع مشابه
Inflation Dynamics and Inflation Regimes
In this paper we develop and estimate a new-Keynesian model of inflation and use it to investigate the hypothesis that prices in the UK are re-set more frequently during periods of high inflation. In the model, firms are assumed to condition their expectations on an optimally-selected but incomplete information set and we further assume that the probability that they will reset their price in a...
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ژورنال
عنوان ژورنال: Physical Review D
سال: 2018
ISSN: 2470-0010,2470-0029
DOI: 10.1103/physrevd.98.083504