Work

Credible Disinflation with Staggered Price Setting

Year: 1990

Type: report

Abstract: This paper determines the real effects of credible disinflation when price setting is staggered. The results are surprising: a fairly quick disinflation causes a boom. This finding suggests that nominal price rigidity alone does not explain why disinflation is costly in actual economies.

Source: National Bureau of Economic Research

DOI: 10.3386/w3555

Author: Laurence Ball

Institutions: International Monetary Fund, National Bureau of Economic Research, Johns Hopkins University

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1607317546

Cites:

Cited by: 365

Related to: 10