Trabandt, Mathias - Sveriges Riksbank - 2007
Reis (2002) have proposed sticky information as an alternative to Calvo sticky prices in order to model the conventional … sticky information and compare it to Calvo sticky prices, allowing also for dynamic inflation indexation as in Christiano …, Eichenbaum, and Evans (2005). I find that sticky information and sticky prices with dynamic inflation indexation do equally well …