E - Macroeconomics and Monetary Economics
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Survey of Price-Setting Behaviour of Canadian Companies
In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy. -
The Macroeconomic Effects of Non-Zero Trend Inflation
The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.