The evidence of asymmetric price adjustments
نویسندگان
چکیده
منابع مشابه
Asymmetric Adjustments of Price and Output
Asymmetries in price adjustment can reconcile contrasts between rapid price movements in inflationary episodes, consistent with classical theories of flexible pricing, and sluggish price responses in contractions, consistent with Keynesian theories of sticky price adjustments. Nonparametric analysis of SIC two-digit industry data indicates that negative asymmetries are more pronounced for real ...
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ژورنال
عنوان ژورنال: Agricultural Economics (Zemědělská ekonomika)
سال: 2016
ISSN: 0139-570X,1805-9295
DOI: 10.17221/220/2014-agricecon