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dc.contributor.authorTrabandt, Mathiasen_US
dc.date.accessioned2009-01-29T14:55:10Z-
dc.date.available2009-01-29T14:55:10Z-
dc.date.issued2003en_US
dc.identifier.piurn:nbn:de:kobv:11-10050542-
dc.identifier.urihttp://hdl.handle.net/10419/22255-
dc.description.abstractMankiw 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. We develop 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 (2001). We find that both models do equally well in delivering the conventional view. ¨en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesDiscussion papers of interdisciplinary research project 373 2003,41en_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.subject.stwInflationsbekämpfungen_US
dc.subject.stwPreisen_US
dc.subject.stwAnpassungen_US
dc.subject.stwInformationsverbreitungen_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwDynamisches Gleichgewichten_US
dc.subject.stwStochastischer Prozessen_US
dc.subject.stwTheorieen_US
dc.titleSticky Information vs. Sticky Prices : A Horse Race in a DSGE Frameworken_US
dc.typeWorking Paperen_US
dc.identifier.ppn379171724en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:sfb373:200341-
Appears in Collections:Discussion Papers, SFB 373, HU Berlin

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