Welfare costs of shifting trend inflation: staggered wage and price contracts

DOI10.1111/BOER.12190zbMATH Open1431.91248OpenAlexW2933332249MaRDI QIDQ5215947FDOQ5215947

Authors: Thanh Hà Lê, Trung Thành Tô, Ngoc Thang Doan 

Publication date: 14 February 2020

Published in: Bulletin of Economic Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/boer.12190

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zbMATH Keywords

second order approximationstaggered wageshifting trend inflationstaggered pricewelfare consequences

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Welfare economics (91B15)

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• A reevaluation of the macroeconomic effects of positive trend inflation

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