Real wage rigidities and disinflation dynamics:Calvo vs. Rotemberg pricing

Ascari, G. and Rossi, L. (2011) Real wage rigidities and disinflation dynamics:Calvo vs. Rotemberg pricing. Economics Letters, 110 (2). pp. 126-131. ISSN 0165-1765

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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.

Item Type:
Journal Article
Journal or Publication Title:
Economics Letters
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
160495
Deposited By:
Deposited On:
08 Oct 2021 12:25
Refereed?:
Yes
Published?:
Published
Last Modified:
08 Oct 2021 12:25