Capacity constraints, idiosyncratic demand uncertainty and the dynamics of inflation

Economics Letters

Volumn 83, Issue 1, 2004, Pages 15-21

  Álvarez Lois, Pedro P ^a  

^a UNIVERSIDAD CARLOS III DE MADRID   (Spain)

Author keywords

Capacity utilization; Idiosyncratic uncertainty; Phillips curve

Indexed keywords

EID: 1342290508     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2003.09.022     Document Type: Article

References (8)

1. Calvo G Staggered prices in a utility-maximizing framework Journal of Monetary Economics 12 1983 983-998
2. Clark P. Laxton D. Rose D. An evaluation of alternative monetary policy rules in a model with capacity constraints Journal of Money Credit and Banking 33 2001 42-64
3. Fagnart J. Licandro O. Portier F. Firm heterogeneity, capacity utilization and the business cycle Review of Economic Dynamics 2 1999 433-455
4. Galí, J., 2002. New Perspectives on Monetary Policy, Inflation, and the Business Cycle. NBER Working Paper W8767. Cambridge, MA.
5. Galí J. Gertler M. Inflation dynamics: a structural econometric analysis Journal of Monetary Economics 44 1999 195-222
6. Johnson N Kotz S. Balakrishnan N. Continuous Univariate Distributions 1994 Wiley New York
7. Nobay A.R. Peel D.A. Optimal monetary policy with a nonlinear Phillips curve Economics Letters 67 2 May 2000 159-164
8. Tambakis D. Expected social welfare under a convex Philips curve and asymmetric policy preferences Journal of Money, Credit and Banking 34 2 2002 434-449