| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1054 |
| DP1054 The Determinants of Success of Special Interests in Redistributive Politics | |
| Avinash K Dixit; John Londregan | |
| 发表日期 | 1994-11-30 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | This paper examines the distribution of output around capacity when money demand is a non-linear function of the nominal interest rate such that nominal interest rates cannot become negative. When fluctuations in output result primarily from disturbances to the money market, the variance of output is shown to be an increasing function of the trend inflation rate. When they result from disturbances to the goods market, the variance of output is a decreasing function of the trend inflation rate. When both disturbances are significant, there exists, in general, a critical non-zero trend inflation rate that minimizes the variance of output. |
| 主题 | International Macroeconomics |
| 关键词 | inflation Output variability Stickiness |
| URL | https://cepr.org/publications/dp1054 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530197 |
| 推荐引用方式 GB/T 7714 | Avinash K Dixit,John Londregan. DP1054 The Determinants of Success of Special Interests in Redistributive Politics. 1994. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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