Implications of Food Subsistence for Monetary Policy and Inflation

Nopic
We introduce subsistence requirements in food consumption into a simple new-Keynesian model with flexible food and sticky non-food prices. We study how the endogenous structural transformation that results from subsistence affects the dynamics of the economy, the design of monetary policy, and the properties of inflation at different levels of... READ MORE...

Publication date: March 2016
ISBN 9781475542639
$18.00

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