Spatiotemporal inflation dynamics in response to a monetary policy shock
This note characterizes the adjustment of the inflation rate towards a new steady-state, in response to a monetary policy shock. The sluggish nature of the adjustment is the straightforward outcome of the type of information dissemination one considers. Namely, firms will be grouped in clusters, and it will be assumed that information spreads faster within than between clusters.
Volume (Year): 2 (2013)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: Avda del Cristo s/n, 33006 Oviedo|
Phone: 985 10 37 45
Fax: 985 10 48 71
Web page: http://www.unioviedo.es/reunido/index.php/EBL/index
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ove:journl:aid:9897. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Francisco J. Delgado)
If references are entirely missing, you can add them using this form.