On staggered prices and optimal inflation

This paper computes the steady-state optimal rate of inflation in a model with monopolistic competition under two different sticky-price specifications, Calvo (1983) and Taylor (1980).The optimal rate of inflation is positive and almost identical to the ratio between the rate of discount and the Dix...

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Detalhes bibliográficos
Autores: Aguilera Bravo, Asier, Casares Polo, Miguel
Formato: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2019
País:España
Recursos:Universidad Pública de Navarra
Repositorio:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
OAI Identifier:oai:academica-e.unavarra.es:2454/36736
Acesso em linha:https://hdl.handle.net/2454/36736
Access Level:acceso abierto
Palavra-chave:Monopolistic competition
Sticky prices
Optimal inflation
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spelling On staggered prices and optimal inflationAguilera Bravo, AsierCasares Polo, MiguelMonopolistic competitionSticky pricesOptimal inflationThis paper computes the steady-state optimal rate of inflation in a model with monopolistic competition under two different sticky-price specifications, Calvo (1983) and Taylor (1980).The optimal rate of inflation is positive and almost identical to the ratio between the rate of discount and the Dixit-Stiglitzelasticity.Asier Aguilera-Bravo gratefully acknowledges financial support from Fundación Banco Sabadell, Fundación Caja Navarra and Universidad Pública de Navarra. Miguel Casares would like to acknowledge financial support from the Spanish Ministerio de Ciencia, Innovación y Universidades (research project PGC2018-093542-B-100).ElsevierInstitute for Advanced Research in Business and Economics - INARBEUniversidad Pública de Navarra / Nafarroako Unibertsitate Publikoa2019info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersionapplication/pdfhttps://hdl.handle.net/2454/36736reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarrainstname:Universidad Pública de NavarraInglés© 2019 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0.https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessoai:academica-e.unavarra.es:2454/367362026-06-17T12:41:47Z
dc.title.none.fl_str_mv On staggered prices and optimal inflation
title On staggered prices and optimal inflation
spellingShingle On staggered prices and optimal inflation
Aguilera Bravo, Asier
Monopolistic competition
Sticky prices
Optimal inflation
title_short On staggered prices and optimal inflation
title_full On staggered prices and optimal inflation
title_fullStr On staggered prices and optimal inflation
title_full_unstemmed On staggered prices and optimal inflation
title_sort On staggered prices and optimal inflation
dc.creator.none.fl_str_mv Aguilera Bravo, Asier
Casares Polo, Miguel
author Aguilera Bravo, Asier
author_facet Aguilera Bravo, Asier
Casares Polo, Miguel
author_role author
author2 Casares Polo, Miguel
author2_role author
dc.contributor.none.fl_str_mv Institute for Advanced Research in Business and Economics - INARBE
Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
dc.subject.none.fl_str_mv Monopolistic competition
Sticky prices
Optimal inflation
topic Monopolistic competition
Sticky prices
Optimal inflation
description This paper computes the steady-state optimal rate of inflation in a model with monopolistic competition under two different sticky-price specifications, Calvo (1983) and Taylor (1980).The optimal rate of inflation is positive and almost identical to the ratio between the rate of discount and the Dixit-Stiglitzelasticity.
publishDate 2019
dc.date.none.fl_str_mv 2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2454/36736
url https://hdl.handle.net/2454/36736
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.rights.none.fl_str_mv © 2019 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0.
https://creativecommons.org/licenses/by-nc-nd/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv © 2019 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0.
https://creativecommons.org/licenses/by-nc-nd/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
instname:Universidad Pública de Navarra
instname_str Universidad Pública de Navarra
reponame_str Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
collection Academica-e. Repositorio Institucional de la Universidad Pública de Navarra
repository.name.fl_str_mv
repository.mail.fl_str_mv
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