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- W3124307521 abstract "We provide a simple theory of inflation inertia in a staggered price setting framework a la Calvo (1983). Contrary to Calvo's formulation, the frequency of price changes is allowed to vary according to an evolutionary criterion. Inertia is the direct result of gradual adjustment in this frequency following a permanent change in the rate of money growth." @default.
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- W3124307521 date "2006-11-01" @default.
- W3124307521 modified "2023-09-26" @default.
- W3124307521 title "An Evolutionary Theory of Inflation Inertia" @default.
- W3124307521 hasPublicationYear "2006" @default.
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