Essays on the evaluation and estimation of the heterogeneity of price stickiness in a DSGE model
The ‘New Keynesian’ model assumes that prices and wages are in an extreme ‘sticky’pattern. In this model, the ssumption that a lagged indexation scheme increases the persistence of inflation is in widespread used; however, in reality, this ad hoc indexation setup is inconsistent with the real data....
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Cardiff University
2012
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.567301 |