Home > Research > Publications & Outputs > Real wage rigidities and disinflation dynamics


Text available via DOI:

View graph of relations

Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing

Research output: Contribution to Journal/MagazineJournal articlepeer-review

<mark>Journal publication date</mark>28/02/2011
<mark>Journal</mark>Economics Letters
Issue number2
Number of pages6
Pages (from-to)126-131
Publication StatusPublished
Early online date18/11/10
<mark>Original language</mark>English


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.