The welfare loss from unstable inflation

DOI10.1016/J.ECONLET.2006.12.009MaRDI QIDQ1934095zbMATH OpenOpenAlexFDO

Authors Salvatore Nisticò

Publication date 28 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2006.12.009

zbMATH Keywords

relative-price dispersionrotemberg-pricingsymmetric equilibriumwelfare criterion

Mathematics Subject Classification ID

Welfare economics (91B15) Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic models in economics (91B70)

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(10)

• The inflation bias under Calvo and Rotemberg pricing
• Is Rotemberg pricing justified by macro data?
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Revisiting the Great Moderation : policy or luck?
• The elusive costs of inflation: price dispersion during the U.S. Great Inflation
• 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
• Welfare loss and policy trade-offs: Calvo vs. Rotemberg
• Unconventional policies in state-dependent liquidity traps

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