Welfare implications of Calvo vs. Rotemberg-pricing assumptions

Economics Letters

Volumn 100, Issue 2, 2008, Pages 275-279

  Lombardo, Giovanni ^a   Vestin, David ^a  

^a EUROPEAN CENTRAL BANK   (Germany)

Author keywords

Calvo price adjustment; Inflation; Rotemberg price adjustment; Second order approximation; Welfare

Indexed keywords

EID: 79251595426     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2008.02.008     Document Type: Article

References (8)

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4. Nisticò S. The welfare loss from unstable inflation. Economics Letters 96 (2007) 51-57
5. Rotemberg J.J. Monopolistic price adjustment and aggregate output. Review of Economic Studies 49 (1982) 517-531
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8. Yun T. Nominal price rigidity, money supply endogeneity and business cycles. Journal of Monetary Economics 37 (1996) 345-370