Real Wage Rigidities and Disinflation Dynamics: Calvo vs. Rotemberg Pricing

Guido Ascari; Lorenza Rossi

Calvo pricing implies output gains, while Rotemberg pricing implies output losses after a disinflation. Introducing real wage rigidities has opposite effects: it generates a long-lasting boom in output in Calvo, and a moderate output slump in Rotemberg.

MoreLess

Year of publication:	2010
Authors:	Ascari, Guido ; Rossi, Lorenza
Publisher:	Pavia : University of Pavia, Department of Economics and Quantitative Methods
Subject:	Disinflation \| Sticky Prices \| Real Wage Rigidity \| Non-linear Simulations \| Lohnrigidität \| Wage rigidity \| Preisrigidität \| Price stickiness \| Inflationsbekämpfung \| Anti-inflation policy \| Reallohn \| Real wages \| Theorie \| Theory \| Phillips-Kurve \| Phillips curve \| Preismanagement \| Pricing strategy

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	Online-Ressource
Series:	Quaderni del Dipartimento. - Pavia : [Verlag nicht ermittelbar], ISSN 2279-7807, ZDB-ID 2755369-3. - Vol. 116
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/95287 [Handle]
Classification:	E31 - Price Level; Inflation; Deflation ; E5 - Monetary Policy, Central Banking and the Supply of Money and Credit
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010343894