Calvo vs. Rotemberg in a trend inflation world: an empirical investigation

DOI10.1016/J.JEDC.2011.06.002zbMath1283.91115OpenAlexW3020857451MaRDI QIDQ658634

Guido Ascari, Efrem Castelnuovo, Lorenza Rossi

Publication date: 13 January 2012

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

Full work available at URL: http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/wpaper/q108.pdf

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Related Items (4)

Monetary policy and indeterminacy after the 2001 slump ⋮ Monetary policy and the relative price of durable goods ⋮ Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation ⋮ Is Rotemberg pricing justified by macro data?

Uses Software

• Dynare

Cites Work

• Stock market conditions and monetary policy in a DSGE model for the U.S.
• Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation
• Precautionary price stickiness
• The welfare loss from unstable inflation
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Altruistic Dynamic Pricing with Customer Regret
• Monopolistic Price Adjustment and Aggregate Output
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Bayes Factors
• Bayesian Analysis of DSGE Models

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