Positive Trend Inflation in the New Keynesian Model : Considering different forms of state-dependent price-setting frequency and different versions of the Taylor rule

Language: English

Published by Südwestdeutscher Verlag Für Hochschulschriften, 2015

3838135245 / 9783838135243

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nach der Bestellung gedruckt Neuware - Printed after ordering - In this book, a baseline New Keynesian model is linearised around a possibly positive trend inflation rate. The trend inflation, i.e. target inflation rate, is brought about either by a forward-looking or contemporaneous Taylor rule. The model is based on the assumption of strategic complementarity in price-setting. Steady-state, determinacy and model dynamics are analysed. A focus is on different versions of trend-inflation dependent price-setting frequencies. Like in many other studies, welfare considerations do not justify an inflation target considerably above zero. It appears, however, that higher price-flexibility favours a slightly higher target. Overall, price-setting frequency is of considerable importance for the results.

Seller Inventory # 9783838135243

Title
Positive Trend Inflation in the New Keynesian Model : Considering different forms of state-dependent price-setting frequency and different versions of the Taylor rule
Author
Katrin Heinrichs
Publisher
Südwestdeutscher Verlag Für Hochschulschriften
Publication year
2015
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3838135245
ISBN 13
9783838135243
Item weight
715 grams
Dimensions
220x150x29 mm

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

Shipping rates from Germany to U.S.A.

Item30 to 40 business days7 to 14 business days
First itemUS$ 73.66US$ 85.24
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