Endogenous time-dependent rules and inflation inertia: preliminary version
Autor(a) principal: | |
---|---|
Data de Publicação: | 1999 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/965 |
Resumo: | When policy rules are changed, the effect of nominal rigidities should be modelled through endogenous pricing rules. We endogenize Taylor (1979) type pricing rule to examine the output effects of monetary disinflations. We derive optimal fixed-price time-dependent rules in inflationary steady states and during disinflations. We also develop a methodology to aggregate individual pricing rules which vary through disinflation. This allows us to reevaluate the output costs of monetary disinflation, including aspects as the role of the initial leveI of inflation and the importance of the degree of credibility of the policy change. |
id |
FGV_575e03eaeab17f423908a983c0c6bf82 |
---|---|
oai_identifier_str |
oai:repositorio.fgv.br:10438/965 |
network_acronym_str |
FGV |
network_name_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
repository_id_str |
3974 |
spelling |
Carvalho, Carlos Viana deBonomo, Marco Antônio CesarEscolas::EPGEFGV2008-05-13T15:43:48Z2008-05-13T15:43:48Z1999-060104-8910http://hdl.handle.net/10438/965When policy rules are changed, the effect of nominal rigidities should be modelled through endogenous pricing rules. We endogenize Taylor (1979) type pricing rule to examine the output effects of monetary disinflations. We derive optimal fixed-price time-dependent rules in inflationary steady states and during disinflations. We also develop a methodology to aggregate individual pricing rules which vary through disinflation. This allows us to reevaluate the output costs of monetary disinflation, including aspects as the role of the initial leveI of inflation and the importance of the degree of credibility of the policy change.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;348Todo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessEndogenous time-dependent rules and inflation inertia: preliminary versioninfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleEconomiaInflaçãoPolítica de preçosEconomiareponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000088640.pdf000088640.pdfapplication/pdf737618https://repositorio.fgv.br/bitstreams/5df74e43-77b3-4598-9ca8-39a5c08db3d5/download102584265df1c119ac6190ec1e7c59acMD51TEXT000088640.pdf.txt000088640.pdf.txtExtracted texttext/plain38778https://repositorio.fgv.br/bitstreams/71187c7a-1315-42f1-86be-d653aba65a2a/download53a0ab8dde2935eb980e3553d9f14929MD56THUMBNAIL000088640.pdf.jpg000088640.pdf.jpgGenerated Thumbnailimage/jpeg3943https://repositorio.fgv.br/bitstreams/58741ee4-a7e7-4101-b4ff-0bd0f4af18af/download1bb9ef52fe2985f7a8281a6af9a7f0b5MD5710438/9652023-11-09 22:41:35.866open.accessoai:repositorio.fgv.br:10438/965https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T22:41:35Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Endogenous time-dependent rules and inflation inertia: preliminary version |
title |
Endogenous time-dependent rules and inflation inertia: preliminary version |
spellingShingle |
Endogenous time-dependent rules and inflation inertia: preliminary version Carvalho, Carlos Viana de Economia Inflação Política de preços Economia |
title_short |
Endogenous time-dependent rules and inflation inertia: preliminary version |
title_full |
Endogenous time-dependent rules and inflation inertia: preliminary version |
title_fullStr |
Endogenous time-dependent rules and inflation inertia: preliminary version |
title_full_unstemmed |
Endogenous time-dependent rules and inflation inertia: preliminary version |
title_sort |
Endogenous time-dependent rules and inflation inertia: preliminary version |
author |
Carvalho, Carlos Viana de |
author_facet |
Carvalho, Carlos Viana de Bonomo, Marco Antônio Cesar |
author_role |
author |
author2 |
Bonomo, Marco Antônio Cesar |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Carvalho, Carlos Viana de Bonomo, Marco Antônio Cesar |
dc.subject.area.por.fl_str_mv |
Economia |
topic |
Economia Inflação Política de preços Economia |
dc.subject.bibliodata.por.fl_str_mv |
Inflação Política de preços Economia |
description |
When policy rules are changed, the effect of nominal rigidities should be modelled through endogenous pricing rules. We endogenize Taylor (1979) type pricing rule to examine the output effects of monetary disinflations. We derive optimal fixed-price time-dependent rules in inflationary steady states and during disinflations. We also develop a methodology to aggregate individual pricing rules which vary through disinflation. This allows us to reevaluate the output costs of monetary disinflation, including aspects as the role of the initial leveI of inflation and the importance of the degree of credibility of the policy change. |
publishDate |
1999 |
dc.date.issued.fl_str_mv |
1999-06 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:43:48Z |
dc.date.available.fl_str_mv |
2008-05-13T15:43:48Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/965 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/965 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;348 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
bitstream.url.fl_str_mv |
https://repositorio.fgv.br/bitstreams/5df74e43-77b3-4598-9ca8-39a5c08db3d5/download https://repositorio.fgv.br/bitstreams/71187c7a-1315-42f1-86be-d653aba65a2a/download https://repositorio.fgv.br/bitstreams/58741ee4-a7e7-4101-b4ff-0bd0f4af18af/download |
bitstream.checksum.fl_str_mv |
102584265df1c119ac6190ec1e7c59ac 53a0ab8dde2935eb980e3553d9f14929 1bb9ef52fe2985f7a8281a6af9a7f0b5 |
bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 |
repository.name.fl_str_mv |
Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV) |
repository.mail.fl_str_mv |
|
_version_ |
1810023945571663872 |