Trend Inflation Under Bounded Rationality

Francisco Ilabaca and Greta Meggiorini

No 23-09, Working Papers from Office of Financial Research, US Department of the Treasury

Abstract: This paper evaluates the implications of introducing bounded rationality into a New Keynesian model with trend inflation.

Keywords: determinacy; indeterminacy; bayesian-estimation; inflation-targeting; departures-from-rational-expectations (search for similar items in EconPapers)
Date: 2023-12-05
New Economics Papers: this item is included in nep-dge and nep-mon
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