TY  - JOUR
AU  - Ball,Laurence
TI  - Credible Disinflation with Staggered Price Setting
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3555
PY  - 1990
Y2  - December 1990
UR  - http://www.nber.org/papers/w3555
L1  - http://www.nber.org/papers/w3555.pdf
N1  - Author contact info:
Laurence M. Ball
Department of Economics
Johns Hopkins University
Baltimore, MD 21218
Tel: 410/516-7605
Fax: 410/516-7600
E-Mail: lball@jhu.edu
AB  - This paper determines the real effects of credible disinflation when price setting is staggered. The results are surprising: a fairly quick disinflation causes a boom. This finding suggests that nominal price rigidity alone does not explain why disinflation is costly in actual economies.
ER  -