Updating “Inflation,” I took “supply” and “demand” shocks more seriously, in a FTPL framework.
John, where can I learn more about the model at the end? I know it’s pretty standard, but would like to read more. Thanks.
"Inflation" and "fiscal theory of the price level" on my website. Also Woodford and Gali's textbook, or bob king's "language and limits" Richmond fed survey paper from 2001.
What about permanent shocks?
John, where can I learn more about the model at the end? I know it’s pretty standard, but would like to read more. Thanks.
"Inflation" and "fiscal theory of the price level" on my website. Also Woodford and Gali's textbook, or bob king's "language and limits" Richmond fed survey paper from 2001.
What about permanent shocks?