Browsing RSCAS Working Papers by Subject "Measurement Bias"

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Browsing RSCAS Working Papers by Subject "Measurement Bias"

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    Title: Monetary Policy and Mismeasured Inflation  Author(s): WEBER, Henning Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI RSCAS Abstract: I examine the standard New Keynesian model augmented with product entry and exit. The statistical agency in the model measures product entry with a delay. Consequently, measured in ation departs from true, utility-based ...