Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95287
Authors: 
Ascari, Guido
Rossi, Lorenza
Year of Publication: 
2010
Series/Report no.: 
Quaderni di Dipartimento 116
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.
Subjects: 
Disinflation
Sticky Prices
Real Wage Rigidity
Non-linear Simulations
JEL: 
E31
E5
Document Type: 
Working Paper

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