Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve

Jean-Guillaume Sahuc

No 04-05, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: This note proposes a full description of the Calvo price-setting model based on partial prices indexation and studies the interaction between partial indexation and trend inflation. We show that to use a hybrid version of the Phillips curve partly decreases the risks of overestimate due to the omission of trend inflation.

Keywords: Phillips curve; inflation inertia; trend inflation; degree of indexation (search for similar items in EconPapers)
JEL-codes: E31 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2004
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Partial indexation, trend inflation, and the hybrid Phillips curve (2006)
Working Paper: Partial indexation, trend inflation, and the hybrid Phillips curve (2006)
Working Paper: Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve (2004)
Working Paper: Partial Indexation, Trend Inflation, and the Hybrid Phillips Curve (2004)
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