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

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)

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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
• Calvo vs. Rotemberg in a trend inflation world: an empirical investigation
• Revisiting the Great Moderation : policy or luck?

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