Disinflationary boom in a price-wage spiral model

Jean-Christophe Pereau and Olivier Musy

Post-Print from HAL

Abstract: This paper analyses the impact of the disinflation policy timing on the sign and the magnitude of the sacrifice ratio in a modified price and wage staggered model of Blanchard (1986). When wages are updated every four quarters and prices every two quarters, we show that a "cold-turkey" disinflation is associated to an output boom when the policy is implemented during the last period of life of the wage contract and a recession in the other quarters

Date: 2010
References: Add references at CitEc
Citations:

Published in Economic Modelling, 2010, 27 (1), pp.152-158. ⟨10.1016/j.econmod.2009.08.009⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Disinflationary boom in a price-wage spiral model (2010)
Working Paper: Disinflationary boom in a price-wage spiral model (2009)
Working Paper: Disinflationary boom in a price-wage spiral model (2009)
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:hal:journl:hal-00645537

DOI: 10.1016/j.econmod.2009.08.009

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().