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We derive a closed-form solution for the model, and analyze its properties under
various parameter values. The model is used to explore topics relating to the e ects of
disinflationary monetary policies and inflation persistence. In particular, we employ the
model to illustrate and assess the critique that standard sticky-price models generate
counterfactual predictions for the e ects of monetary policy.
Corresponding author. Mailing address: Mail Stop 80, 20th and C Streets NW, Washington, DC 20551.
E-mail: firstname.lastname@example.org. We thank Gregory Mankiw and Olivier Blanchard for useful dis-
cussions on several of the topics considered here...
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Common topics in this essay:
- “Monetary Policy And Inflation Dynamics”
- Inflation Targeting As A Strategy Of The Conduct Of Monetary Policy
- Inflation Targeting: Should Central Bank Go For It?
- Monetary Policy Paper MBA 501
- Monetary Policy Paper
- monetary policy and inflation
- Monetary Policy Paper
- Reserve Bank Of India-Monetary Policy
- Monetary policy, inflation and growth
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