Now showing items 1-2 of 2

    • Monopolistic competition, sticky prices, and the minimal mark-up in steady state 

      Casares Polo, Miguel Upna (2007)   Documento de trabajo / Lan gaiak  OpenAccess
      This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal ...
    • On staggered prices and optimal inflation 

      Aguilera Bravo, Asier; Casares Polo, Miguel Upna (2019)   Documento de trabajo / Lan gaiak  OpenAccess
      This paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation ...