Optimal price setting and inflation inertia in a rational expectations model

DOI10.1016/j.jedc.2007.03.010zbMath1181.91197OpenAlexW2114249718MaRDI QIDQ844746

Ondra Kamenik, Douglas Laxton, Michael Kumhof, Michael Juillard

Publication date: 19 January 2010

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

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

zbMATH Keywords

monetary policyBayesian estimationinflation 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)

Related Items (6)

THE NEUTRALITY OF NOMINAL RATES: HOW LONG IS THE LONG RUN? ⋮ Real rigidities, productivity improvements and investment dynamics ⋮ Performance pay and changes in U.S. labor market dynamics ⋮ The New Keynesian Phillips curve revisited ⋮ Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation ⋮ PRICING POLICIES AND INFLATION DYNAMICS

Cites Work

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

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