English, Article edition: QUANTIFYING THE SECOND-ROUND EFFECTS OF SUPPLY-SIDE SHOCKS ON INFLATION Tibor Hlédik

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/197728
Physical Description
  • article
Language
  • English

Edition details

Title
  • QUANTIFYING THE SECOND-ROUND EFFECTS OF SUPPLY-SIDE SHOCKS ON INFLATION
Author
  • Tibor Hlédik
Physical Description
  • article
Notes
  • optimal policy rules, monetary policy, inflation targeting
  • RePEc:prg:jnlpep:v:2004:y:2004:i:2:id:235:p:121-141
  • This paper uses a small-scale dynamic rational expectations model based on an open-economy version of Fuhrer–Moore-type staggered wage setting to quantify the second-round effects of selected supply-side shocks and of shocks to the nominal exchange rate on wages and subsequently on inflation. In order to analyse the desired reaction of the central bank to these shocks, optimal time-consistent policy rules are derived within the presented New-Keynesian framework. The conclusions presented in the paper suggest that the second-round effects of shocks to import prices and the nominal exchange rate on inflation should not be ignored in practical policy-making.
  • monetary policy, inflation targeting, optimal policy rules
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment