The welfare loss from unstable inflation

DOI10.1016/J.ECONLET.2006.12.009zbMATH Open1255.91289OpenAlexW2087972002MaRDI QIDQ1934095FDOQ1934095

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

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zbMATH Keywords

symmetric equilibriumrelative-price dispersionrotemberg-pricingwelfare criterion

Mathematics Subject Classification ID

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

Cited In (8)

• The inflation bias under Calvo and Rotemberg pricing
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• Is Rotemberg pricing justified by macro data?
• 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
• Revisiting the Great Moderation : policy or luck?
• Calvo vs. Rotemberg in a trend inflation world: an empirical investigation

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