Second-order approximation to the Rotemberg model around a distorted steady state

DOI10.1016/J.ECONLET.2010.11.010zbMATH Open1207.91039OpenAlexW2028797564WikidataQ57933945 ScholiaQ57933945MaRDI QIDQ631273FDOQ631273

Authors: Tatiana Damjanovic, Charles Nolan 

Publication date: 22 March 2011

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10036/4323

Recommendations

• The welfare loss from unstable inflation
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions
• The inflation bias under Calvo and Rotemberg pricing
• The propagation of uncertainty shocks: Rotemberg versus Calvo
• The implications of inflation in an estimated New Keynesian model

zbMATH Keywords

price stickinesscostly price adjustmentRotemberg model

Mathematics Subject Classification ID

Dynamic stochastic general equilibrium theory (91B51) Welfare economics (91B15)

Cites Work

• Optimal fiscal and monetary policy under sticky prices.
• Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing

Cited In (2)

• The inflation bias under Calvo and Rotemberg pricing
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions

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