Monetary policy and core inflation /

This paper studies optimal monetary policy responses in an economy featur-ing sectorial heterogeneity in the frequency of price adjustments. It shows that acentral bank facing heterogeneous nominal rigidities is more likely to behave less aggressively than in a fully sticky economy. Hence, the suppo...

Full description

Bibliographic Details
Main Author: Lenza, Michele 1970-
Format: Book
Language:English
Published: Frankfurt am Main : Deutsche Bundesbank, 2007
Series:Discussion paper (Deutsche Bundesbank). Series 1: economic studies no. 35/2007
Subjects:

Similar Items