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dc.contributor.authorANAGNOSTOPOULOS, Alexis
dc.contributor.authorLICANDRO, Omar
dc.contributor.authorBOVE, Italo
dc.contributor.authorSCHLAG, Karl H.
dc.date.accessioned2011-05-23T13:40:29Z
dc.date.available2011-05-23T13:40:29Z
dc.date.issued2007
dc.identifier.citationJournal of the European Economic Association, 2007, 5, 2-3, 433-443
dc.identifier.issn1542-4766
dc.identifier.urihttp://hdl.handle.net/1814/17424
dc.description.abstractWe 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 criterion. Inertia is the direct result of gradual adjustment in this frequency following a permanent change in the rate of money growth.
dc.language.isoen
dc.subjectMonetary economics
dc.subjectInflation rate
dc.subjectMonetary models
dc.subjectPrice theory
dc.subjectInflation inertia
dc.titleAn evolutionary theory of inflation inertia
dc.typeArticle
dc.neeo.contributorANAGNOSTOPOULOS|Alexis|aut|
dc.neeo.contributorLICANDRO|Omar|aut|EUI70006
dc.neeo.contributorBOVE|Italo|aut|
dc.neeo.contributorSCHLAG|Karl H.|aut|
dc.identifier.volume5
dc.identifier.startpage433
dc.identifier.endpage443
eui.subscribe.skiptrue
dc.identifier.issue02/03/11


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