Supply side inflation persistence
Andrea Civelli () and
Economics Letters, 2014, vol. 125, issue 2, 191-194
We explore the role of the cost channel in accounting for inflation persistence in the New Keynesian model with Calvo pricing. Hump-shaped responses of inflation to monetary shocks are obtained under purely nominal rigidities.
Keywords: Inflation persistence; Cost channel; Hump-shaped responses (search for similar items in EconPapers)
JEL-codes: E31 E44 E51 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:2:p:191-194
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