Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/87113
Authors: 
Ascari, Guido
Branzoli, Nicola
Year of Publication: 
2006
Series/Report no.: 
Quaderni di Dipartimento, EPMQ, Università degli Studi di Pavia 190
Abstract: 
This note shows that full price indexation is not optimal in the long-run in the New Keynesian model. Moreover, we show that more price stickiness may increase steady state welfare, if price indexation is partial.
Subjects: 
Indexation
Optimal Monetary Policy Rules
New Keynesian model
JEL: 
E31
E52
Document Type: 
Working Paper

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