Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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/Magazine › Journal article › peer-review
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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 -