Now showing items 1-1 of 1

    • Endogenous time-dependent rules and inflation inertia 

      Bonomo, Marco Antônio Cesar; Carvalho, Carlos Viana de
      In this paper, we endogenize fixed price time-dependent rules to examine the output effects of monetary disinflation. We derive the optimal rules in and out of inflationary steady states, and develop a methodology to ...