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

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Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing. / Ascari, G.; Rossi, L.
In: Economics Letters, Vol. 110, No. 2, 28.02.2011, p. 126-131.

Research output: Contribution to Journal/MagazineJournal articlepeer-review

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Ascari G, Rossi L. Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing. Economics Letters. 2011 Feb 28;110(2):126-131. Epub 2010 Nov 18. doi: 10.1016/j.econlet.2010.11.011

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Ascari, G. ; Rossi, L. / Real wage rigidities and disinflation dynamics : Calvo vs. Rotemberg pricing. In: Economics Letters. 2011 ; Vol. 110, No. 2. pp. 126-131.

Bibtex

@article{446de0a17a5e4d1cb551db88bc0b4185,
title = "Real wage rigidities and disinflation dynamics: Calvo vs. Rotemberg pricing",
abstract = "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. ",
keywords = "Disinflation, Non-linear simulations, Real wage rigidity, Sticky prices",
author = "G. Ascari and L. Rossi",
year = "2011",
month = feb,
day = "28",
doi = "10.1016/j.econlet.2010.11.011",
language = "English",
volume = "110",
pages = "126--131",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "2",

}

RIS

TY - JOUR

T1 - Real wage rigidities and disinflation dynamics

T2 - Calvo vs. Rotemberg pricing

AU - Ascari, G.

AU - Rossi, L.

PY - 2011/2/28

Y1 - 2011/2/28

N2 - 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.

AB - 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.

KW - Disinflation

KW - Non-linear simulations

KW - Real wage rigidity

KW - Sticky prices

U2 - 10.1016/j.econlet.2010.11.011

DO - 10.1016/j.econlet.2010.11.011

M3 - Journal article

VL - 110

SP - 126

EP - 131

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 2

ER -