Staggered price setting with endogenous frequency of adjustment
β Scribed by David Romer
- Book ID
- 116100937
- Publisher
- Elsevier Science
- Year
- 1990
- Tongue
- English
- Weight
- 379 KB
- Volume
- 32
- Category
- Article
- ISSN
- 0165-1765
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract How often do the nominal prices of individual goods change? What is the nature of costs of price adjustment? How big are these costs? Answering these questions may be important for constructing macroeconomic models that are useful for monetary policy analysis. The empirical literature r
The model depicts a single market where firms select prices every new transaction date. The customers, who are input-purchasing firms, decide every new date how much to buy from each supplier. The optimisation decisions of customers are based on price information and are, in addition, influenced by