Bounded price variation models with rational expectations and price risk
نویسندگان
چکیده
منابع مشابه
Can Rational Expectations Sticky-Price Models Explain Inflation Dynamics?
The canonical inflation specification in sticky-price rational expectations models (the new-Keynesian Phillips curve) is often criticized on the grounds that it fails to account for the dependence of inflation on its own lags. In response, many recent studies have employed a “hybrid” sticky-price specification in which inflation depends on a weighted average of lagged and expected future values...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 1989
ISSN: 0165-1765
DOI: 10.1016/0165-1765(89)90021-9