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Optimal long-run inflation and the New Keynesian model

✍ Scribed by Pontiggia, D.


Book ID
119299608
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
482 KB
Volume
34
Category
Article
ISSN
0164-0704

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## Abstract Cross‐country regressions explaining output growth often obtain a negative effect from inflation. However, that result is not robust, due to the selection of countries in sample, temporal aggregation, and omission of consequential variables in levels. This paper demonstrates some implic