inflation

Navigating by Falling Stars. Monetary Policy with Fiscally Driven Natural Rates
We study a new type of monetary-fiscal interaction in a heterogeneous-agent New Keynesian model with a fiscal block. Due to household …
Rodolfo G. Campos, Jesús Fernández-Villaverde, Galo Nuño, Peter Paz
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Do the unemployed pay lower prices? A reassessment of the value of unemployment insurance
It is well known that transitions from employment to unemployment reduce consumption expenditure, but is this fall mainly driven by …
Rodolfo G. Campos, Iliana Reggio
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