On inflation and output with costly price changes: a simple unifying result.
An analysis was conducted of inflation's effect on the average output of monopolistic firms facing fixed costs of changing their nominal price. Through the use of Taylor expansions, a closed-form solution is derived that is applicable to any specification. This very simple formula permits the eval...
| Publicado en: | American Economic Review Vol. 84; pp. 290 - 298 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
American Economic Association
March 1994
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |