Calvo vs. Rotemberg in a trend inflation world: an empirical investigation

DOI10.1016/J.JEDC.2011.06.002MaRDI QIDQ658634zbMATH OpenOpenAlexFDO

Authors Guido Ascari, Efrem Castelnuovo, Lorenza Rossi

Publication date 13 January 2012

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL http://dem-web.unipv.it/web/docs/dipeco/quad/ps/RePEc/pav/wpaper/q108.pdf

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Dynamic stochastic general equilibrium theory (91B51)

Recommendations

• The inflation bias under Calvo and Rotemberg pricing
• On time-dependent nominal contracting models with positive trend inflation
• Pricing policies and inflation dynamics
• Fitting U.S. trend inflation: a rolling-window approach
• On the stability of Calvo-style price-setting behavior

Cites work

• Altruistic dynamic pricing with customer regret
• Bayes Factors
• Bayesian Analysis of DSGE Models
• Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory*
• Monopolistic Price Adjustment and Aggregate Output
• Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation
• Precautionary price stickiness
• Stock market conditions and monetary policy in a DSGE model for the U.S.
• The welfare loss from unstable inflation
• Welfare implications of Calvo vs. Rotemberg-pricing assumptions

Cited in

(12)

• Monetary policy and the relative price of durable goods
• On the stability of Calvo-style price-setting behavior
• Optimal price setting and inflation inertia in a rational expectations model
• Pricing policies and inflation dynamics
• Monetary policy and indeterminacy after the 2001 slump
• The inflation bias under Calvo and Rotemberg pricing
• Uncertainty-dependent effects of monetary policy shocks: a new-Keynesian interpretation
• Does inflation increase after a monetary policy tightening? Answers based on an estimated DSGE model
• Fitting U.S. trend inflation: a rolling-window approach
• On the precision of Calvo parameter estimates in structural NKPC models
• Trend inflation, sticky prices, and expectational stability
• Is Rotemberg pricing justified by macro data?

Describes a project that uses

Uses Software

• Dynare

This page was built for publication: Calvo vs. Rotemberg in a trend inflation world: an empirical investigation

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q658634)