G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4359
DP4359 Reuters News Reports versus Official Interventions: The Inaccuracy of Reuters Reports for Swiss Interventions
Andreas Fischer
发表日期2004-04-23
出版年2004
语种英语
摘要The Calvo contract Phillips Curve is widely indexed for general inflation, using either core inflation or other backward-looking formulae. Such a Phillips Curve implies a high and persistent degree of nominal rigidity. It is argued here that optimal indexation would by contrast use the rational expectation of inflation. If this scheme is implemented, the relationship defaults to a familiar ?surprise? Phillips Curve, removing all except temporary monetary rigidity.
主题International Macroeconomics
关键词Price stickiness Indexing Rational expectations Phillips curve New-keynesian synthesis
URLhttps://cepr.org/publications/dp4359
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/533311
推荐引用方式
GB/T 7714
Andreas Fischer. DP4359 Reuters News Reports versus Official Interventions: The Inaccuracy of Reuters Reports for Swiss Interventions. 2004.
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