| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967227 | Journal of Monetary Economics | 2011 | 14 Pages |
Abstract
⺠New Keynesian models: Nominal interest rates are decreased during a disinflation. ⺠Observed monetary policy: Nominal interest rates should be increased. ⺠Model prediction is in contrast to observed monetary policy. ⺠Adaptive expectations, imperfect credibility: Candidates to overcome this conclusion.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marcus Hagedorn,