Authors
Michael B Devereux, James Yetman
Publication date
2002/6/1
Journal
Economics Letters
Volume
76
Issue
1
Pages
95-100
Publisher
North-Holland
Description
In standard, New Keynesian models, there exists an unlimited long-run trade-off between output and inflation. But when we allow for an endogenous frequency of price adjustment, this is replaced by an inverted U-shaped relationship.
Total citations
Scholar articles
MB Devereux, J Yetman - Economics Letters, 2002