The uniqueness of steady-state equilibrium under state-dependent pricing: the case of deflation
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Publication:824013
DOI10.1016/J.ECONLET.2021.110136zbMath1479.91267OpenAlexW3208422642MaRDI QIDQ824013
Publication date: 14 December 2021
Published in: Economics Letters (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.econlet.2021.110136
multiple equilibriadeflationstrategic complementaritynew Keynesian modelstate-dependent price setting
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