Inflation surprises in a New Keynesian economy with a "true" consumption function.
The resurgence of inflation has been accompanied by a reversal of prospects of growth, with a prominent role assigned to the fall of households' purchasing power. Yet this real income effect of inflation surprises, independent of restrictive monetary policy, is not present in the standard New Keynes...
| Publicado en: | Economic Inquiry Vol. 62; no. 3; pp. 1192 - 1216 |
|---|---|
| Autor principal: | |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jul2024
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |