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Staggered Price Setting with Endogenous Frequency of Adjustment

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NBER1989-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3134
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资源简介:
The classic models of staggered adjustment of Taylor and Blanchard takes the frequency of price or wage adjustment as exogenous. This paper develops a model in which the frequency of price changes in endogenous. It then uses the model to analyze the effects of changes in the parameters of the
创建时间:
1989-10-01
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