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Welfare implications of Calvo vs. Rotemberg pricing assumptions

Lombardo, Giovanni (contributor); Vestin, David (contributor) - 2007

This paper compares the welfare implications of two widely used pricing assumptions in the New-Keynesian literature: Calvo-pricing vs. Rotemberg-pricing. We show that despite the strong similarities between the two assumptions to a first order of approximation, in general they might entail...

Persistent link: https://www.econbiz.de/10003484199

Welfare Implications of Calvo Vs. Rotemberg Pricing Assumptions

Lombardo, Giovanni; Vestin, David - 2021

Persistent link: https://www.econbiz.de/10013317043

Cattle Cycles

Rosen, Sherwin - 1993

U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed …

Persistent link: https://www.econbiz.de/10012474548

Cattle Cycles

Rosen, Sherwin; Murphy, Kevin M.; Scheinkman, José - 2022

U.S. beef cattle stocks are among the most periodic time-series in economics. A theory of cattle cycles is constructed …

Persistent link: https://www.econbiz.de/10013308616

General Equilibrium Under Shortage : A Generalized Barro-Grossman Model

Osband, Kent - 1991

In several recent articles, the Barro-Grossman model of general equilibrium under shortage has been modified to incorporate money demand and alternative retail sales mechanisms. This paper extends this work to allow for spillovers in deficit goods markets (modeled as feedback of black market...