Asymmetric adjustments of price and output.

Classical theories predict rapid price adjustments, which are observed in inflationary episodes; Keynesian theories of sticky prices predict sluggish price responses, which are observed in contractions. We attempt to reconcile these observations in a model with asymmetries in producer price and out...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 35; pp. 631 - 653
Autores principales:	Tinsley, P. A., Krieger, Reva
Formato:	Artículo
Publicado:	Wiley-Blackwell July 1997
Materias:	Manufactured products Mathematical models of pricing Industrial productivity Mathematical models United States
Acceso en línea:	Ver este registro en EBSCOhost