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Optimal state-dependent rules, credibility, and inflation inertia

✍ Scribed by Heitor Almeida; Marco Bonomo

Book ID: 114220659
Publisher: Elsevier Science
Year: 2002
Tongue: English
Weight: 190 KB
Volume: 49
Category: Article
ISSN: 0304-3932
DOI: 10.1016/s0304-3932(02)00169-1

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The authors thank Robert Brooks, Christian Gollier, and two anonymous referees for helpful comments on an earlier draft of this article. 'Readers well-versed in economics will recognize this as nothing more than viewing the indirect utility function with prices suppressed. In other words, utility o