Staggered prices in a utility-maximizing framework
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Each is checked against this paper’s own text: does it say what the citing paper says it does?
The real marginal cost of production is a function of inflation, firm expectations for future inflation, and inflation, as explained by the New Keynesian Phillips Curve.
“The real marginal cost of production is a function of inflation, firm expectations for future inflation, and inflation, as explained by the NKPC.”
From Devaluation, Oil Price Shock and Consumer Price Inflation: Evidence from Markov Autoregressive Regime Switching Model (2025) · cites this paper as Calvo (1983)
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Why Do Borrowers Make Mortgage Refinancing Mistakes?
Agarwal, S., Rosen, R. J., & Yao, V. (2016) · Management Science · doi:10.1287/mnsc.2015.2272 · Cited by 173 · see citing works
Scraped data and sticky prices
Cavallo, A. (2018) · The Review of Economics and Statistics · doi:10.1162/rest_a_00652 · Cited by 135 · see citing works
Akinlo, A. E., & Apanisile, O. T. (2021) · Preprint (Research Square) · doi:10.21203/rs.3.rs-317014/v1 · Cited by 5 · see citing works
Umoru, D., Umar, S. S., & Igbinovia, B. (2025) · The Romanian Economic Journal · doi:10.24818/rej/2025/90/05
- Authors
- Calvo, G. A.
- Affiliations
- Columbia University (US)
- Corresponding author
- Calvo, Guillermo A.
- Venue
- Journal of Monetary Economics
- Publisher
- Elsevier BV
- Published
- 1983-09
- Volume
- 12
- Issue
- 3
- Pages
- 383-398
- ISSN
- 0304-3932 (ISSN-L)
- OpenAlex
- W1995278743
- Cited by
- 7,901
- References
- 0
- Citations by year
- 2026: 207 · 2025: 278 · 2024: 263 · 2023: 285 · 2022: 292 · 2021: 305 · 2020: 278 · 2019: 263 · 2018: 328 · 2017: 272 · 2016: 325 · 2015: 335 · 2014: 364 · 2013: 379 · 2012: 402
- FWCI
- 1.61
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Monetary Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Keywords
- utility maximization, equilibrium paths, fiscal policy, continuum of equilibria, price level determination
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
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