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Alternative Sources of the Lag Dynamics of Inflation

RePEc: Research Papers in EconomicsPublished 1 January 2002Open access
Sharon Kozicki, Peter A. Tinsley
Citations17
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Abstract

New Keynesian Phillips curves are widely used in macroeconomic policy models to simulate the inflation consequences of alternative monetary policies. The purely forward-looking inflation specification is appealing, because it is based on a model of optimal pricing behaviour. However, based

Keywords

Economics, Econometrics and Finance