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dc.contributor.authorTrabandt, Mathiasen_US
dc.date.accessioned2009-01-28T15:00:06Z-
dc.date.available2009-01-28T15:00:06Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17881-
dc.description.abstractHow can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and Reis (2002) have proposed sticky information as an alternative to Calvo sticky prices in order to model the conventional view that i) inflation reacts with delay and gradually to a monetary policy shock, ii) announced and credible disinflations are contractionary and iii) inflation accelerates with vigorous economic activity. I use a fully-fledged DSGE model with sticky information and compare it to Calvo sticky prices, allowing also for dynamic inflation indexation as in Christiano, Eichenbaum, and Evans (2005). I find that sticky information and sticky prices with dynamic inflation indexation do equally well in my DSGE model in delivering the conventional view.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1369en_US
dc.subject.jelE3en_US
dc.subject.jelE0en_US
dc.subject.ddc330en_US
dc.subject.keywordsticky informationen_US
dc.subject.keywordsticky pricesen_US
dc.subject.keywordinflation indexationen_US
dc.subject.keywordDSGEen_US
dc.titleSticky Information vs. Sticky Prices: A Horse Race in a DSGE Frameworken_US
dc.typeWorking Paperen_US
dc.identifier.ppn535034199en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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