| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5054973 | Economic Modelling | 2012 | 12 Pages |
Abstract
⺠We examine the implications of ex ante skill heterogeneity for long run inflation. ⺠The model suggests a range of parameters for which the Friedman Rule is suboptimal. ⺠Greater skill-heterogeneity may imply a higher preferred inflation rate. ⺠Empirically we find that the inflation-heterogeneity correlation is positive.
Keywords
Related Topics
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Economics and Econometrics
Authors
Radhika Lahiri, Elisabetta Magnani,