The imperfect-common-knowledge Phillips curve: Calvo vs Rotemberg

C-Tier
Journal: Economics Letters
Year: 2016
Volume: 148
Issue: C
Pages: 45-47

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 inflation.

Technical Details

RePEc Handle
repec:eee:ecolet:v:148:y:2016:i:c:p:45-47
Journal Field
General
Author Count
1
Added to Database
2026-01-24