Title of article
Fixed prices versus predetermined prices and the equilibrium probability of price adjustment
Author/Authors
James Yetman، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
7
From page
421
To page
427
Abstract
Elsewhere, papers comparing fixed prices with predetermined prices have assumed that the frequency of re-setting price contracts is equal in either case. This note demonstrates that in equilibrium, the frequency of re-setting price contracts is greater with fixed prices than predetermined prices.
Keywords
Predetermined prices , Money shocks , Fixed prices
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435258
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