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
收藏
页码：27 / 33
页数：7
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