On time-dependent nominal contracting models with positive trend inflation

DOI10.1016/j.jedc.2021.104076zbMath1475.91153OpenAlexW3127895826MaRDI QIDQ2246709

Louis Phaneuf, Jean Gardy Victor

Publication date: 16 November 2021

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2021.104076

zbMATH Keywords

inflation dynamicswage dispersiontrend inflationwelfare costsTaylor and Calvo contracting

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Labor markets (91B39) Contract theory (moral hazard, adverse selection) (91B41)

Cites Work

• Investment shocks and the comovement problem
• Solving dynamic general equilibrium models using a second-order approximation to the policy function
• What's News in Business Cycles
• The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?
• Unemployment and Business Cycles
• The Elusive Costs of Inflation: Price Dispersion during the U.S. Great Inflation*
• From Hyperinflation to Stable Prices: Argentina’s Evidence on Menu Cost Models*

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