Understanding inflation dynamics: Where do we stand? NBB Working Paper 165, June 2009
(2009) Understanding inflation dynamics: Where do we stand? NBB Working Paper 165, June 2009.
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Abstract
I summarize recent progress made in the literature on inflation dynamics. This has been a very productive area of research due to the development of the so-called New Keynesian model and the availability of new macroeconomic and microeconomic evidence. Nevertheless, a number of problems still subsist. In particular the importance of temporary price markdowns to inflation dynamics and the characteristics of the information set price-setters use for their price adjustment decision currently constitute unresolved issues.
| Item Type: | Working Paper |
|---|---|
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Dossche, Maarten. |
| Title: | Understanding inflation dynamics: Where do we stand? NBB Working Paper 165, June 2009 |
| Language: | English |
| Journals and Series: | Series > National Bank of Belgium (Brussels) > Working Papers |
| Pages: | 38 |
| Month: | June |
| Year: | 2009 |
| Subjects: | Countries > Belgium EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy |
| Alternative Locations: | http://www.nbb.be/doc/ts/publications/wp/wp165En.pdf |
| ID Code: | 11779 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 28 October 2009 |
