Conserved mass models with stickiness and chipping
نویسندگان
چکیده
منابع مشابه
Price Stickiness in Ss Models: Basic Properties
What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? Caplin and Spulber (1987) provide a stark example where the answer is “none.” It is well known that by relaxing their limit assumptions some price stickiness is regained but, to our knowledge, there are no general results on this issue. In this paper we study the re...
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ژورنال
عنوان ژورنال: Journal of Statistical Mechanics: Theory and Experiment
سال: 2012
ISSN: 1742-5468
DOI: 10.1088/1742-5468/2012/07/p07019