Add to ORKGThis paper determines the real effects of credible disinflation when price setting is staggered. The results are surprising: a fairly quick disinflation causes a boom. This finding suggests that nominal price rigidity alone does not explain why disinflation is costly in actual economies.
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
This paper reviews the role of temporary price and wage rigidities in explaining the dynamic relatio...
Despite their popularity as theoretical tools for illustrating the effects of nominal rigidities, so...
In this paper we study the impact of a temporary lack of credibility in a transition to price stabil...
The paper shows first that real exchange rate appreciation typically reduces, but may increase, the ...
In this paper we study the impact of a temporary lack of credibility in a transition to price stabil...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keyne...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
We revisit the question of why exchange-rate-based (ERB) disinflation is often expansionary. We use ...
In this paper, we take an analytical approach to examine possible adverse effects of the use of infl...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
This paper reviews the role of temporary price and wage rigidities in explaining the dynamic relatio...
Despite their popularity as theoretical tools for illustrating the effects of nominal rigidities, so...
In this paper we study the impact of a temporary lack of credibility in a transition to price stabil...
The paper shows first that real exchange rate appreciation typically reduces, but may increase, the ...
In this paper we study the impact of a temporary lack of credibility in a transition to price stabil...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
This paper analyzes the cost of disinflation under real wage rigidities in a micro-founded New Keyne...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
We study the output costs of a reduction in monetary growth in a dynamic general equilibrium model w...
We revisit the question of why exchange-rate-based (ERB) disinflation is often expansionary. We use ...
In this paper, we take an analytical approach to examine possible adverse effects of the use of infl...
The real effects of an imperfectly credible disinflation depend critically on the extent of price ri...
This paper reviews the role of temporary price and wage rigidities in explaining the dynamic relatio...
Despite their popularity as theoretical tools for illustrating the effects of nominal rigidities, so...