Optimal price setting and inflation inertia in a rational expectations model

DOI10.1016/J.JEDC.2007.03.010zbMATH Open1181.91197OpenAlexW2114249718MaRDI QIDQ844746FDOQ844746

Authors: M. Juillard, Ondra Kamenik, Michael Kumhof, Douglas Laxton 

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2007.03.010

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zbMATH Keywords

Bayesian estimationmonetary policyinflation inertia

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Macroeconomic theory (monetary models, models of taxation) (91B64) Statistical methods; economic indices and measures (91B82)

Cites Work

• Inflation Persistence
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Evaluating an estimated New Keynesian small open economy model
• Uncertain potential output: Implications for monetary policy

Cited In (8)

• The New Keynesian Phillips curve revisited
• Real rigidities, productivity improvements and investment dynamics
• Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation
• Search, Price Setting and Inflation
• STEADY-STATE REAL EFFECTS OF INFLATION IN A HECKSCHER–OHLIN CASH-IN-ADVANCE MODEL
• Pricing policies and inflation dynamics
• THE NEUTRALITY OF NOMINAL RATES: HOW LONG IS THE LONG RUN?
• Performance pay and changes in U.S. labor market dynamics

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