Monetary Shocks and Inflation Dynamics in the New Keynesian Model
This paper demonstrates that imperfect information and gradual learning is a plausible and promising mechanism for generating realistic inflation and output dynamics in the standard new Keynesian model.
Volume (Year): 38 (2006)
Issue (Month): 2 (March)
|Contact details of provider:|| Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879|