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The effect of using discrete time units in queuing simulation

โœ Scribed by Hon-Shiang Lau; Ahmed Zaki


Publisher
Elsevier Science
Year
1984
Tongue
English
Weight
447 KB
Volume
17
Category
Article
ISSN
0377-2217

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The real effects of inflation in continu
โœ Wai-Yip Alex Ho; James Yetman ๐Ÿ“‚ Article ๐Ÿ“… 2007 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 293 KB

## Abstract We demonstrate the important implications of the assumptions of discrete time in many sticky price models of the macroeconomy. For a given level of menu costs, discrete time models imply longer average contract length but smaller real effects of both trend inflation and monetary shocks