Inflation and relative price variability

被引：2

作者：

Bakhshi, H ^{[1
]}

机构：

[1] Bank England, London EC2R 8AH, England

来源：

ECONOMICS LETTERS | 2002年 / 76卷 / 01期

关键词：

inflation; information; menu; costs; competition;

D O I：

10.1016/S0165-1765(02)00031-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Theoretical explanations of the inflation-relative price variability relationship are often observationally equivalent. This paper compares two theoretical models: menu costs and imperfect information. The microfoundations of the models are used to generate new testable differences between the theories. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：27 / 33

页数：7

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