Aguilera Bravo, Asier

Profile Picture

Email Address

person.page.identifierURI

https://academica-e.unavarra.es/handle/2454/48453

Birth Date

Job Title

Last Name

Aguilera Bravo

First Name

Asier

person.page.departamento

Economía

person.page.instituteName

ORCID

0000-0001-9229-4103

person.page.observainves

750538

person.page.upna

811064

Name

Filters

20192
Reset filters

Settings

Subject: Monopolistic competition ×

Search Results

Now showing 1 - 2 of 2
  • Thumbnail Image
    PublicationOpen Access
    On staggered prices and optimal inflation
    (Elsevier, 2019) Aguilera Bravo, Asier; Casares Polo, Miguel; Institute for Advanced Research in Business and Economics - INARBE; Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
    This paper computes the steady-state optimal rate of inflation in a model with monopolistic competition under two different sticky-price specifications, Calvo (1983) and Taylor (1980).The optimal rate of inflation is positive and almost identical to the ratio between the rate of discount and the Dixit-Stiglitzelasticity.
  • Thumbnail Image
    PublicationEmbargo
    On staggered prices and optimal inflation
    (2019) Aguilera Bravo, Asier; Casares Polo, Miguel; Ekonomia; Institute for Advanced Research in Business and Economics - INARBE; Economía; Universidad Pública de Navarra / Nafarroako Unibertsitate Publikoa
    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 in steady state is always positive. This result is robust to changes in the degree of price stickiness. In both cases of staggered prices, the optimal rate of inflation is approximately equal to the ratio between the rate of discount and the Dixit-Stiglitz elasticity.