Endogenous time-dependent rules and the costs of disinflation with imperfect credibility

dc.contributor.author	Bonomo, Marco Antônio Cesar
dc.contributor.author	Carvalho, Carlos Viana de
dc.date.accessioned	2008-05-13T15:46:28Z
dc.date.available	2008-05-13T15:46:28Z
dc.date.issued	2003-10-09
dc.identifier.issn	0104-8910
dc.identifier.uri	http://hdl.handle.net/10438/1004
dc.description.abstract	This paper examines the output effects of monetary disinflation in a model with endogenous time-dependent pricing rules and imperfect credibility of the disinflation policy. We find that these features interact to generate an additional effect on top f the ones obtained with either endogenous time-dependent rules (Bonomo and Carvalho, 2003) or imperfect credibility (Ball, 1995) in isolation. This results in higher output costs of monetary disinflation.	eng
dc.language.iso	eng
dc.publisher	Fundação Getulio Vargas. Escola de Pós-graduação em Economia	por
dc.relation.ispartofseries	Ensaios Econômicos;505	por
dc.subject	Custos da desinflação	por
dc.subject	Inflação	por
dc.title	Endogenous time-dependent rules and the costs of disinflation with imperfect credibility	eng
dc.type	Working Paper	eng
dc.subject.area	Economia	por
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.subject.bibliodata	Política de preços	por
dc.subject.bibliodata	Política monetária	por
dc.subject.bibliodata	Inflação	por
dc.contributor.affiliation	FGV