Browsing Economics by Author "Kara, Engin"
Now showing items 1-1 of 1
-
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 ...
Share this page