Arbeitspapier
The long-run optimal degree of indexation in the new Keynesian model
This note shows that full price indexation is not optimal in the long-run in the New Keynesian model. Moreover, we show that more price stickiness may increase steady state welfare, if price indexation is partial.
- Language
-
Englisch
- Bibliographic citation
-
Series: Quaderni di Dipartimento - EPMQ ; No. 190
Price Level; Inflation; Deflation
Monetary Policy
Optimal Monetary Policy Rules
New Keynesian model
Inflationsbekämpfung
Indexbindung
Regelbindung
Neukeynesianische Makroökonomik
Theorie
Branzoli, Nicola
- Handle
- Last update
-
20.09.2024, 8:21 AM CEST
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ascari, Guido
- Branzoli, Nicola
- Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Time of origin
- 2006