Optimising microfoundations for inflation persistence

Optimising microfoundations for inflation persistence

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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...

書誌詳細
第一著者:	Mash, R
フォーマット:	Working paper
出版事項:	University of Oxford 2004

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