The Cost of Tractability and the Calvo Pricing Assumption
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As found by EconAcademics.org, the blog aggregator for Economics research:- Calvo pricing is a costly assumption
by Economic Logician in Economic Logic on 2009-10-27 19:15:00
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- Fang Yao, 2010. "Aggregate Hazard Function in Price-Setting: A Bayesian Analysis Using Macro Data," SFB 649 Discussion Papers SFB649DP2010-020, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
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More about this item
Keywords
Hazard function; Nominal rigidity; Real rigidity; New Keynesian Phillips curve;All these keywords.
JEL classification:
- E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2009-09-26 (Central Banking)
- NEP-MAC-2009-09-26 (Macroeconomics)
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