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Original Articles

A quantitative analysis of cost-push shocks and optimal inflation volatility

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Pages 753-757 | Published online: 01 Aug 2008

References

  • Benigno , P. and Woodford , M. 2005 . Inflation stabilization and welfare: the case of a distorted steady state . Journal of the European Economics Association , 3 : 1 – 52 .
  • Calvo , G. A. 1983 . Staggered prices in a utility-maximising framework . Journal of Monetary Economics , 12 : 383 – 98 .
  • Lombardo, G. and Sutherland, A. J. (2005) Computing second-order-accurate solutions for rational expectation models using linear solution methods, European Central Bank Working Paper No. 487
  • Schmitt-Grohe, S. and Uribe, M. (2004) Optimal simple and implementable monetary and fiscal rules, NBER Working Paper No. 10253
  • Sutherland, A. J. (2002) A simple second-order solution method for dynamic general equilibrium models, CEPR Discussion Paper No. 3554
  • Woodford , M. 2004 . Interest and Prices , Princeton : Princeton University Press .

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