Partial indexation, trend inflation, and the hybrid Phillips curve

Jean-Guillaume Sahuc

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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 using a hybrid version of the Phillips curve partly decreases the risks of overestimate due to the omission of trend inflation.© 2005 Elsevier B.V. All rights reserved.

Keywords: Degree of indexation; Inflation inertia; Phillips curve; Trend inflation (search for similar items in EconPapers)
Date: 2006-01
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Citations: View citations in EconPapers (17)

Published in Economics Letters, 2006, 90 (1), pp.42--50. ⟨10.1016/j.econlet.2005.07.002⟩

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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 (2004)
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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02877995

DOI: 10.1016/j.econlet.2005.07.002

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