The inflation bias under Calvo and Rotemberg pricing

DOI10.1016/J.JEDC.2016.09.002MaRDI QIDQ1656458zbMATH OpenOpenAlexFDO

Authors Campbell Leith, Ding Liu

Publication date 10 August 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://eprints.gla.ac.uk/128773/7/128773.pdf

zbMATH Keywords

Calvo pricinginflation biasmonetary policynew Keynesian modelRotemberg pricingtime-consistent policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Pricing policies and inflation dynamics
• Using a projection method to analyze inflation bias in a micro-founded model
• On staggered prices and optimal inflation
• Calvo vs. Rotemberg in a trend inflation world: an empirical investigation
• Is Rotemberg pricing justified by macro data?

Cites work

• scientific article; zbMATH DE number 1241609 (Why is no real title available?)
• scientific article; zbMATH DE number 1873658 (Why is no real title available?)
• New Keynesian dynamics in a low interest rate environment
• Nonlinear adventures at the zero lower bound
• Optimal discretionary monetary policy in a micro-founded model with a zero lower bound on nominal interest rate
• Projection methods for solving aggregate growth models
• Public debt, discretionary policy, and inflation persistence
• Second-order approximation to the Rotemberg model around a distorted steady state
• The welfare loss from unstable inflation
• Using a projection method to analyze inflation bias in a micro-founded model
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions

Cited in

(13)

• New-Keynesian Phillips curve with Bertrand competition and endogenous entry
• Optimal fiscal and monetary policy with occasionally binding zero bound constraints
• On the stability of Calvo-style price-setting behavior
• Is Rotemberg pricing justified by macro data?
• The welfare loss from unstable inflation
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Pricing policies and inflation dynamics
• Discretionary monetary policy in the Calvo model
• scientific article; zbMATH DE number 7318970 (Why is no real title available?)
• Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing
• Second-order approximation to the Rotemberg model around a distorted steady state
• Calvo vs. Rotemberg in a trend inflation world: an empirical investigation
• Optimal price setting and inflation inertia in a rational expectations model

Describes a project that uses

Uses Software

• CompEcon

This page was built for publication: The inflation bias under Calvo and Rotemberg pricing

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1656458)