Cornaro, Alessandra; Agliari, Anna - Dipartimenti e Istituti di Scienze Economiche, … - 2010
In this paper we analyze a basic sticky price model with monopolistic competition and price stickiness à la Calvo. Starting by the relations describing a general economic equilibrium model (see Woodford in Interest and Prices, Foundations of a Theory of Monetary Policy, The MIT Press, 2003), as...