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The imperfect-common-knowledge Phillips curve : Calvo versus Rotemberg
Šauer, Radek - 2017
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.
Persistent link: https://www.econbiz.de/10011582888
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The imperfect-common-knowledge Phillips curve : Calvo vs Rotemberg
Šauer, Radek - In: Economics letters 148 (2016), pp. 45-47
Persistent link: https://www.econbiz.de/10011619793
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The imperfect-common-knowledge Phillips curve: Calvo versus Rotemberg
Šauer, Radek - 2016
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.
Persistent link: https://www.econbiz.de/10011583458