The imperfect-common-knowledge Phillips curve : Calvo versus Rotemberg

Radek Šauer

I derive the imperfect-common-knowledge Phillips curve under the assumption of Rotemberg pricing. The curve differs from the Calvo version in one important aspect. Expectations of future relative prices impact in ation.

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Year of publication:	[16.01.2017]
Authors:	Šauer, Radek
Publisher:	Frankfurt am Main : Deutsche Bundesbank
Subject:	Phillips Curve \| Rotemberg \| Imperfect Knowledge \| Phillips-Kurve \| Phillips curve \| Theorie \| Theory \| Rationale Erwartung \| Rational expectations

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Extent:	1 Online-Ressource (circa 13 Seiten)
Series:	Discussion paper. - Frankfurt am Main : Deutsche Bundesbank, ISSN 2941-7503, ZDB-ID 2660941-1. - Vol. no 2016, 50
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
ISBN:	978-3-95729-331-2 ; 978-3-95729-330-5
Other identifiers:	hdl:10419/149122 [Handle]
Classification:	D83 - Search, Learning, Information and Knowledge ; E31 - Price Level; Inflation; Deflation ; Mikroökonomie
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011582888