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

DOI10.1111/BOER.12190MaRDI QIDQ5215947zbMATH OpenOpenAlexFDO

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

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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Cited in

(4)

• Multi-period wage indexation and externalities
• The Welfare Cost of Nominal Wage Contracting
• The cost-channel of monetary transmission under positive trend inflation
• A reevaluation of the macroeconomic effects of positive trend inflation

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