JavaScript is disabled for your browser. Some features of this site may not work without it.
Browsing Department of Economics (ECO) by Author "ANAGNOSTOPOULOS, Alexis"
Now showing items 1-4 of 4
Title:An evolutionary theory of inflation inertia
Author(s):ANAGNOSTOPOULOS, Alexis; LICANDRO, Omar; BOVE, Italo; SCHLAG, Karl H.Date:2007Type of Publication:ArticleAbstract:We provide a simple theory of inflation inertia in a staggered price setting framework à la Calvo (1983). Contrary to Calvo's formulation, the frequency of price changes is allowed to vary according to an evolutionary ...
Title:An Evolutionary Theory of Inflation Inertia
Author(s):ANAGNOSTOPOULOS, Alexis; LICANDRO, OmarDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We provide a simple theory of inflation inertia in a staggered price setting frame-
work a la Calvo (1983). Contrary to Calvo's formulation, the frequency of price
changes is allowed to vary according to an evolutionary ...