The uniqueness of steady-state equilibrium under state-dependent pricing: The case of deflation
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DOI: 10.1016/j.econlet.2021.110136
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More about this item
Keywords
State-dependent price setting; New Keynesian model; Multiple equilibria; Strategic complementarity; Deflation;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Statistics
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