Inflation and output in New Keynesian nnodels with a transient interest rate peg

Carlstrom, Charles T.; Fuerst, Timothy S.; Paustian, Matthias
August 2012
Bank of England Quarterly Bulletin;2012 3rd Quarter, Vol. 52 Issue 3, p250
Academic Journal
The article investigates the effects of an unconditional lowering of the nominal interest rate for an extended period of time in a model with infrequent price adjustment.


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