| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w15505 |
| 来源ID | Working Paper 15505 |
| On Quality Bias and Inflation Targets | |
| Stephanie Schmitt-Grohe; Martin Uribe | |
| 发表日期 | 2009-11-12 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | A policy issue central banks are confronted with is whether inflation targets should be adjusted to account for the systematic upward bias in measured inflation due to quality improvements in consumption goods. We show that in the context of a Ramsey equilibrium the answer to this question depends on what prices are assumed to be sticky. If nonquality-adjusted prices are assumed to be sticky, then the Ramsey plan predicts that the inflation target should not be corrected. If, on the other hand, quality-adjusted (or hedonic) prices are assumed to be sticky, then the Ramsey plan calls for raising the inflation target by the magnitude of the bias. |
| 主题 | Macroeconomics ; Monetary Policy ; Fiscal Policy |
| URL | https://www.nber.org/papers/w15505 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573181 |
| 推荐引用方式 GB/T 7714 | Stephanie Schmitt-Grohe,Martin Uribe. On Quality Bias and Inflation Targets. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w15505.pdf（88KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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