| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7644 |
| DP7644 Monetary Misperceptions, Output and Inflation Dynamics | |
| Harris Dellas; Fabrice Collard | |
| 发表日期 | 2010-01-17 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We revisit the contribution of misperceived money to business cycles, and in particular to the inertial dynamics of inflation following a monetary policy shock. We establish three things. First, the difference between preliminary and revised money data captures monetary misperceptions well. Second, misperceived money is quantitatively substantial and also matters significantly for economic activity. And third, imperfect information about monetary aggregates can help the standard NK model exhibit inertial inflation dynamics. |
| 主题 | International Macroeconomics |
| 关键词 | Inflation inertia Measurement error Monetary misperceptions |
| URL | https://cepr.org/publications/dp7644 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536481 |
| 推荐引用方式 GB/T 7714 | Harris Dellas,Fabrice Collard. DP7644 Monetary Misperceptions, Output and Inflation Dynamics. 2010. |
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