Output persistence from monetary shocks with staggered prices or wages under a Taylor Rule

Sebastiano Daros; Neil Rankin

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Output persistence from monetary shocks with staggered prices or wages under a Taylor Rule

机译：泰勒规则下价格或工资交错波动导致的货币冲击造成的产出持续性

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摘要

We analytically examine output persistence from monetary shocks in a DSGE model with staggered prices or wages under a Taylor Rule. Surprisingly, while Taylor-style staggering never yields persistence, Calvo-style staggering of wages does generate persistence under decreasing returns to labour.

机译：我们在泰勒规则下以交错的价格或工资在DSGE模型中分析了货币冲击带来的产出持续性。令人惊讶的是，尽管泰勒式的交错从来不会产生持久性，但卡尔沃式的工资交错确实会在劳动报酬减少的情况下产生持久性。

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来源
《Economics letters》 |2009年第2期|148-151|共4页
作者
Sebastiano Daros; Neil Rankin;
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作者单位

Bank of England, Threadneedle Street, London EC2R 8AH, UK Department of Economics, University of Warwick, Coventry CV4 7AL, UK;

Department of Economics and Related Studies, University of York, York YO10 5DD, UK;

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原文格式 PDF
正文语种 eng
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关键词
output persistence; staggered prices/wages; taylor rule;

机译：输出持久性;价格/工资错开;泰勒规则;

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7. Output persistence from monetary shocks with staggered prices or wages under a Taylor Rule [O] . Sebastiano Daros, Neil Rankin 2009

机译：在泰勒统治下的交错价格或工资下的货币冲击的产出持久性

Output persistence from monetary shocks with staggered prices or wages under a Taylor Rule

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