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dc.contributor.authorTrabandt, Mathiasen
dc.date.accessioned2009-01-28T15:00:06Z-
dc.date.available2009-01-28T15:00:06Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1369en
dc.subject.jelE3en
dc.subject.jelE0en
dc.subject.ddc330en
dc.subject.keywordsticky informationen
dc.subject.keywordsticky pricesen
dc.subject.keywordinflation indexationen
dc.subject.keywordDSGEen
dc.titleSticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework-
dc.typeWorking Paperen
dc.identifier.ppn535034199en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1369en

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