𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Aggregate demand, food prices, and the underlying rate of inflation

✍ Scribed by Raymond E. Lombra; Yash P. Mehra

Book ID
113247345
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
960 KB
Volume
5
Category
Article
ISSN
0164-0704

No coin nor oath required. For personal study only.

πŸ“œ SIMILAR VOLUMES

Costly price adjustment and the optimal
Costly price adjustment and the optimal rate of inflation
✍ Jerzy D. Konieczny πŸ“‚ Article πŸ“… 2007 πŸ› John Wiley and Sons 🌐 English βš– 194 KB

## Abstract I analyse the optimal rate of inflation when prices are costly to change. As the costs of price adjustment are the main friction in the model, effects of inflation stem from the accounting role of money. Inflation increases relative price variability and reduces the average product of l