Arbeitspapier
Real Wage Rigidities and Disinflation Dynamics: Calvo vs. Rotemberg Pricing
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.
- Sprache
-
Englisch
- Erschienen in
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Series: Quaderni di Dipartimento ; No. 116
Price Level; Inflation; Deflation
Sticky Prices
Real Wage Rigidity
Non-linear Simulations
Rossi, Lorenza
- Handle
- Letzte Aktualisierung
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12.07.2024, 13:24 MESZ
Objekttyp
- Arbeitspapier
Beteiligte
- Ascari, Guido
- Rossi, Lorenza
- Università degli Studi di Pavia, Dipartimento di Economia Politica e Metodi Quantitativi (EPMQ)
Entstanden
- 2010