Staggered price setting with endogenous frequency of adjustment
نویسندگان
چکیده
منابع مشابه
Staggered Price-Setting, Staggered Wage-Setting, and Business Cycle Persistence∗
Staggered price-setting and staggered wage-setting are commonly viewed as similar mechanisms in generating persistent real effects of monetary shocks. In this paper, we distinguish the two mechanisms in a dynamic stochastic general equilibrium framework. We show that, although the dynamic pricesetting and wage-setting equations are alike, a key parameter governing persistence is linked to the u...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 1990
ISSN: 0165-1765
DOI: 10.1016/0165-1765(90)90098-l