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

Heinrichs, Katrin

 
9783838135243: Positive Trend Inflation in the New Keynesian Model: Considering different forms of state-dependent price-setting frequency and different versions of the Taylor rule
Couverture souple
ISBN 10 : 3838135245 ISBN 13 : 9783838135243
Editeur : Sudwestdeutscher Verlag Fur Hochschulschriften AG, 2015

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Katrin Heinrichs obtained a B.Sc. and M.Sc. in Economics at Otto von Guericke University Magdeburg. She works at FernUniversität Hagen, where she obtained her Ph.D. in Economics in 2014.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Sudwestdeutscher Verlag Fur Hochschulschriften AG
Date d'édition
2015
Langue
anglais
ISBN 10 
3838135245
ISBN 13 
9783838135243
Reliure
Broché
Nombre de pages
468
Coordonnées du fabricant
non disponible
Personne responsable
non disponible