Arbeitspapier

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.

ISBN
978-3-95729-331-2
Language
Englisch

Bibliographic citation
Series: Bundesbank Discussion Paper ; No. 50/2016

Classification
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Price Level; Inflation; Deflation
Subject
Phillips Curve
Rotemberg
Imperfect Knowledge

Event
Geistige Schöpfung
(who)
Šauer, Radek
Event
Veröffentlichung
(who)
Deutsche Bundesbank
(where)
Frankfurt a. M.
(when)
2016

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Šauer, Radek
  • Deutsche Bundesbank

Time of origin

  • 2016

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