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Calvo pricing and imperfect common knowledge: a forward looking model of rational inflation inertia
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Document Date: 2005-04-25 13:34:08

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Frankfurt am Main / Florence / /

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Germany / United States / Italy / /

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Villa San Paolo / European University Institute / Nuffield College / Birkbeck College / /

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information processing capacities / average expectations operator / analytical solutions / Internet http /

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Lucas Island / Phelps-Lucas island / /

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ECB / Department of Economics / European University Institute / Nuffield College / Birkbeck College / European Central Bank / /

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Fabio Ghironi / Giancarlo Corsetti / Michael Woodford / Stephen Wright / Giuseppe Bertola / /

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