Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/149122 
Authors: 
Year of Publication: 
2016
Series/Report no.: 
Bundesbank Discussion Paper No. 50/2016
Publisher: 
Deutsche Bundesbank, Frankfurt a. M.
Abstract: 
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.
Subjects: 
Phillips Curve
Rotemberg
Imperfect Knowledge
JEL: 
D83
E31
ISBN: 
978-3-95729-331-2
Document Type: 
Working Paper

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