Targeting inflation in an economy with staggered price setting

After experiencing high and persistent inflation rates in the 1970s and early 1980s, most industrialized economies entered the new century with a sustained record of flow, stable inflation rates. Many commentators attribute the new environment to good luck, in the form of no major supply shocks (at...

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Autor principal:	Galí, Jordi
Formato:	Artículo
Lenguaje:	eng
Publicado:	Banco Central de Chile 2019
Materias:	INFLACIÓN PRECIOS DESARROLLO ECONÓMICO
Acceso en línea:	https://hdl.handle.net/20.500.12580/3669
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spelling	oai-20.500.12580-36692021-04-24T10:32:16Z Targeting inflation in an economy with staggered price setting Galí, Jordi INFLACIÓN PRECIOS DESARROLLO ECONÓMICO After experiencing high and persistent inflation rates in the 1970s and early 1980s, most industrialized economies entered the new century with a sustained record of flow, stable inflation rates. Many commentators attribute the new environment to good luck, in the form of no major supply shocks (at least until the recent hike in oil prices). Others invoke the magic powers of the new economy to explain why inflation has remained subdued despite robust economic growth. 2019-11-01T00:01:36Z 2019-11-01T00:01:36Z 2002 Artículo 956-7421-102 https://hdl.handle.net/20.500.12580/3669 eng Series on Central Banking, Analysis, and Economic Policies, no. 5 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 271-294 application/pdf Banco Central de Chile
institution	Banco Central
collection	Banco Central
language	eng
topic	INFLACIÓN PRECIOS DESARROLLO ECONÓMICO
spellingShingle	INFLACIÓN PRECIOS DESARROLLO ECONÓMICO Galí, Jordi Targeting inflation in an economy with staggered price setting
description	After experiencing high and persistent inflation rates in the 1970s and early 1980s, most industrialized economies entered the new century with a sustained record of flow, stable inflation rates. Many commentators attribute the new environment to good luck, in the form of no major supply shocks (at least until the recent hike in oil prices). Others invoke the magic powers of the new economy to explain why inflation has remained subdued despite robust economic growth.
format	Artículo
author	Galí, Jordi
author_facet	Galí, Jordi
author_sort	Galí, Jordi
title	Targeting inflation in an economy with staggered price setting
title_short	Targeting inflation in an economy with staggered price setting
title_full	Targeting inflation in an economy with staggered price setting
title_fullStr	Targeting inflation in an economy with staggered price setting
title_full_unstemmed	Targeting inflation in an economy with staggered price setting
title_sort	targeting inflation in an economy with staggered price setting
publisher	Banco Central de Chile
publishDate	2019
url	https://hdl.handle.net/20.500.12580/3669
work_keys_str_mv	AT galijordi targetinginflationinaneconomywithstaggeredpricesetting
_version_	1718346436833181696

Targeting inflation in an economy with staggered price setting

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