Optimal price setting and inflation inertia in a rational expectations model

DOI10.1016/J.JEDC.2007.03.010MaRDI QIDQ844746zbMATH OpenOpenAlexFDO

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

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)

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Cites work

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

Cited in

(8)

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

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