Real Wage Rigidities and Disinflation Dynamics: Calvo vs Rotemberg Pricing

Articolo
Data di Pubblicazione:
2011
Abstract:
Calvo pricing implies output gains, while Rotemberg pricing implies output losses after a disinflation. Introducing real wage rigidities has opposite effects: it generates a long-lasting boom in output in Calvo, and a moderate output slump in Rotemberg.
Tipologia CRIS:
1.1 Articolo in rivista
Keywords:
Disinflation; Sticky Prices; Real Wage Rigidity; Non-linear Simulations
Elenco autori:
Autori di Ateneo:
Link alla scheda completa:
https://iris.unipv.it/handle/11571/220025
Pubblicato in:
ECONOMICS LETTERS
Journal