Optimising microfoundations for inflation persistence
Much recent monetary policy literature has searched for structural models suitable for policy analysis that are both based on optimising microfoundations and consistent with the data, especially observed persistence in inflation and output. Few models do well on both criteria. We derive an optimisin...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Working paper |
| Έκδοση: |
University of Oxford
2004
|