Listagem FGV EPGE - Ensaios Econômicos por Título "Endogenous time-dependent rules and the costs of disinflation with imperfect credibility"

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

Bonomo, Marco Antônio Cesar; Carvalho, Carlos Viana de
2003-10-09

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 ...