The imperfect-common-knowledge Phillips curve: Calvo vs Rotemberg

Radek Šauer

Economics Letters, 2016, vol. 148, issue C, 45-47

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 inflation.

Keywords: Phillips; curveRotembergImperfect; knowledge (search for similar items in EconPapers)
JEL-codes: D83 E31 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.sciencedirect.com/science/article/pii/S0165176516303706
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:148:y:2016:i:c:p:45-47

DOI: 10.1016/j.econlet.2016.09.021

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().