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1 A THEORY OF RATIONAL INFLATIONARY INERTIA Guillermo Calvo, University of Maryland and NBER Oya Celasun, International Monetary Fund
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Document Date: 2004-02-27 12:05:56

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Mexico / United States / Turkey / /

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University of Maryland / Stanford University / /

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model solution / /

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University of Maryland / International Monetary Fund / Stanford University / /

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Guillermo Calvo / Edmund Phelps / /

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rational expectations model / rt / representative / /

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Maryland / /

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Stanford University / /

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