Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing

DOI10.1016/j.econlet.2010.11.011zbMath1207.91041OpenAlexW2085283571MaRDI QIDQ631272

Lorenza Rossi, Guido Ascari

Publication date: 22 March 2011

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/wpaper/q116.pdf

zbMATH Keywords

disinflationsticky pricesnon-linear simulationsreal wage rigidity

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Welfare economics (91B15)

Related Items (2)

Second-order approximation to the Rotemberg model around a distorted steady state ⋮ Entry of firms and cost of disinflation in New Keynesian models

Cites Work

• The welfare loss from unstable inflation
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Monopolistic Price Adjustment and Aggregate Output

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