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Article Dans Une Revue Economics Letters Année : 2006

Partial indexation, trend inflation, and the hybrid Phillips curve

Résumé

This note proposes a full description of the Calvo price-setting model based on partial prices indexation and studies the interaction between partial indexation and trend inflation. We show that using a hybrid version of the Phillips curve partly decreases the risks of overestimate due to the omission of trend inflation.© 2005 Elsevier B.V. All rights reserved.

Dates et versions

hal-02877995 , version 1 (22-06-2020)

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Jean-Guillaume Sahuc. Partial indexation, trend inflation, and the hybrid Phillips curve. Economics Letters, 2006, 90 (1), pp.42--50. ⟨10.1016/j.econlet.2005.07.002⟩. ⟨hal-02877995⟩

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