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...
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: |
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