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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Bibliographic Details
Main Author: Galí, Jordi
Format: Artículo
Language:eng
Published: Banco Central de Chile 2019
Subjects:
Online Access:https://hdl.handle.net/20.500.12580/3669
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