Monetary equilibrium and price stickiness: A rejoinder
نویسندگان
چکیده
منابع مشابه
Nominal price stickiness as a rational expectations equilibrium
The l i t e ra tu re on mic ro founda t ions a t t empt s to expla in ma c roe c onomic p h e n o m e n a by aggrega t ing the choices of individual actors. O n e of the puzzles faced by advoca tes of this a p p r o a c h is the a p p a r e n t inflexibili ty of pr ices in the face of aggrega te d i s turbances . It seems that supposed ly ra t iona l agents react to new in format ion by adjus t...
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ژورنال
عنوان ژورنال: The Review of Austrian Economics
سال: 2012
ISSN: 0889-3047,1573-7128
DOI: 10.1007/s11138-012-0183-7