𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A model of price adjustment

✍ Scribed by Peter A Diamond

Book ID
115963736
Publisher
Elsevier Science
Year
1971
Tongue
English
Weight
882 KB
Volume
3
Category
Article
ISSN
0022-0531

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Why are gasoline prices sticky? A test o
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## Abstract Macroeconomic models of business cycles rely on the assumption that firms adjust prices infrequently to generate the short‐run non‐neutrality of money documented by the monetary transmission literature. They posit different mechanisms to generate price stickiness, with correspondingly d