Browsing by Author "Kara, Engin"
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The reset inflation puzzle and the heterogeneity in price stickiness Kara, Engin (Elsevier, 2015-11)New Keynesian models have been criticised on the grounds that they require implausibly large price shocks to explain inflation. Bils et al. (2012) show that, while these shocks are needed to reduce the excessive inflation ...
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