The imperfect-common-knowledge Phillips curve: Calvo versus Rotemberg

I derive the imperfect-common-knowledge Phillips curve under the assumption of Rotemberg pricing. The curve differs from the Calvo version in one important aspect. Expectations of future relative prices impact in ation.

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Year of publication:	2016
Authors:	Šauer, Radek
Publisher:	Frankfurt a. M. : Deutsche Bundesbank
Subject:	Phillips Curve \| Rotemberg \| Imperfect Knowledge

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Series:	Bundesbank Discussion Paper ; 50/2016
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-3-95729-331-2
Other identifiers:	876759924 [GVK] hdl:10419/149122 [Handle] RePEc:zbw:bubdps:502016 [RePEc]
Classification:	D83 - Search, Learning, Information and Knowledge ; E31 - Price Level; Inflation; Deflation
Source:	EconStor

Persistent link: https://www.econbiz.de/10011583458