Le, Vo Phuong Mai (contributor); … - 2007
Optimising indexation arrangements under Calvo contracts
and their implications for monetary policy
E2007/7
CARDIFF BUSINESS … indexation arrangements under Calvo contracts and
their implications for monetary policy
Vo Phuong Mai Le Patrick Minford
January … 24, 2007
Abstract
This paper investigates optimal indexation in the New Keynesian model, when the indexation
choice …