Reset Price Inflation and the Impact of Monetary Policy Shocks

Pete Klenow, Benjamin Malin and Mark Bils

No 1079, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: inflation. We find that time-dependent models imply unrealistically high persistence and stability of reset price inflation. This discrepancy is exacerbated by adding strategic complementarities, even under state-dependent pricing. A state-dependent model with no strategic complementarities aligns most closely with the data.

Date: 2010
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Related works:
Journal Article: Reset Price Inflation and the Impact of Monetary Policy Shocks (2012)
Working Paper: Reset price inflation and the impact of monetary policy shocks (2009)
Working Paper: Reset Price Inflation and the Impact of Monetary Policy Shocks (2009)
Working Paper: Reset Price Inflation and the Impact of Monetary Policy Shocks (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed010:1079

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