We show that low trend inflation strongly affects the dynamics of a standard Neo-Keynesian model where monetary policy is described by...

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of...

This paper analyzes the cost of disinflations under real wage rigidities in a micro-founded New Keynesian model. The consensus is that...

This paper analyzes the cost of disin‡ation under real wage rigidities in a micro- founded New Keynesian model. Unlike Blanchard and...

When taken to examine disinflation monetary policies, the current workhorse DSGE model of business cycle fluctuations successfully...

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of...

Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of...

This paper analyzes the cost of disinflations under real wage rigidities in a micro-founded New Keynesian model. The consensus is that...