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Volumn 96, Issue 1, 2007, Pages 51-57

The welfare loss from unstable inflation

Author keywords

Relative price dispersion; Rotemberg pricing; Symmetric equilibrium; Welfare criterion

Indexed keywords


EID: 34249734328     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2006.12.009     Document Type: Article
Times cited : (28)

References (9)
  • 1
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    • Staggered prices in a utility maximizing framework
    • Calvo G. Staggered prices in a utility maximizing framework. Journal of Monetary Policy 12 (1983) 383-398
    • (1983) Journal of Monetary Policy , vol.12 , pp. 383-398
    • Calvo, G.1
  • 2
    • 0040364531 scopus 로고    scopus 로고
    • The science of monetary policy: a new Keynesian perspective
    • Clarida R., Galì J., and Gertler M. The science of monetary policy: a new Keynesian perspective. Journal of Economic Literature 37 4 (1999) 1661-1707
    • (1999) Journal of Economic Literature , vol.37 , Issue.4 , pp. 1661-1707
    • Clarida, R.1    Galì, J.2    Gertler, M.3
  • 3
    • 84926116347 scopus 로고    scopus 로고
    • New Perspectives on Monetary Policy, Inflation and the Business Cycle
    • Dewatripont M., Hansen L., and Turnovsky S. (Eds), Cambridge University Press
    • Galì J. New Perspectives on Monetary Policy, Inflation and the Business Cycle. In: Dewatripont M., Hansen L., and Turnovsky S. (Eds). Advances in Economic Theory vol. III (2003), Cambridge University Press 151-197
    • (2003) Advances in Economic Theory , vol.III , pp. 151-197
    • Galì, J.1
  • 4
    • 22144493780 scopus 로고    scopus 로고
    • Monetary policy and exchange rate volatility in a small open economy
    • Galì J., and Monacelli T. Monetary policy and exchange rate volatility in a small open economy. Review of Economic Studies 72 (2005) 917-946
    • (2005) Review of Economic Studies , vol.72 , pp. 917-946
    • Galì, J.1    Monacelli, T.2
  • 5
    • 0002874054 scopus 로고    scopus 로고
    • Sticky-price models of the business cycle: specification and stability
    • Ireland P.N. Sticky-price models of the business cycle: specification and stability. Journal of Monetary Economics 47 1 (2001) 3-18
    • (2001) Journal of Monetary Economics , vol.47 , Issue.1 , pp. 3-18
    • Ireland, P.N.1
  • 6
    • 0000292830 scopus 로고
    • Sticky Prices in the United States
    • University of Chicago Press
    • Rotemberg J.J. Sticky Prices in the United States. Journal of Political Economy vol. 90 (6) (1982), University of Chicago Press 1187-1211
    • (1982) Journal of Political Economy , vol.90 6 , pp. 1187-1211
    • Rotemberg, J.J.1
  • 8
    • 0345982186 scopus 로고    scopus 로고
    • An optimization-based econometric framework for the evaluation of monetary policy
    • Rotemberg J.J., and Woodford M. An optimization-based econometric framework for the evaluation of monetary policy. NBER Macroeconomics Annual 12 (1997) 297-346
    • (1997) NBER Macroeconomics Annual , vol.12 , pp. 297-346
    • Rotemberg, J.J.1    Woodford, M.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.