The Persistence of Inflation in the Neo-Keynesian Models (notice n° 207795)
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| fixed length control field | 01623cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250112052806.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Safouane Ben Aïssa, Mohamed |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | The Persistence of Inflation in the Neo-Keynesian Models |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2005.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 78 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In this paper, we derive the dynamics of inflation from the various price adjustment scenarios encountered in neo-Keynesian literature. For each model, we will calculate inflation and product response following a money supply shock on the economic growth rate. Our observation will reveal that only two models correctly reproduce the stylized facts associated with this kind of money supply shock: the first model is Mankiw and Reis’s model with predetermined prices (2002), and the second model is the fixed-price model of Gali and Gertler (1999). None of the other alternatives, including the fixed-price model of Fuhrer and Moore (1995), are able to reproduce correctly a sufficient persistence of inflation. This shows that in the fixed-price model, the structure of rigidity chosen is as important for the degree of inflation persistence as the presence or absence of inflation lags is in the dynamic model. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | inflation persistence |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | New Keynesian Phillips Curves |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fixed prices |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | predetermined prices |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Musy, Olivier |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 71 | 2 | 2005-06-01 | p. 175-191 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2005-2-page-175?lang=en">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2005-2-page-175?lang=en</a> |
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