V. v. Chari

Stefania Albanesi · V. V. Chari · Lawrence J. Christiano

Embedding the Kydland-Prescott/Barro-Gordon time-inconsistency logic into a standard sticky-price, cash-credit-goods general equilibrium model, this paper shows the model generically has either two …

V. V. Chari · Patrick J. Kehoe · Ellen R. McGrattan

This 2009 American Economic Journal: Macroeconomics paper by V. V.

V. V. Chari · Patrick J. Kehoe · Ellen R. McGrattan

Staggered price-setting was long hoped to turn a short spell of exogenous price stickiness into a long spell of endogenous stickiness, and so into persistent output movements after a monetary shock. …