Inflation, costly price and quantity adjustments, and time spent in the Keynesian regime

被引：6
|
作者：
Danziger, L [1 ]
机构：
[1] York Univ, Dept Econ, N York, ON M3J 1P3, Canada
来源：
ECONOMICS LETTERS | 2003年 / 80卷 / 02期
关键词：
inflation; menu cost; quantity-adjustment cost; Keynesian regime;
D O I：
10.1016/S0165-1765(03)00095-8
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper considers a menu-cost firm under inflation. Due to costly quantity adjustments, the firm is sometimes in a Keynesian regime where sales are demand determined. With a positive real interest rate, the proportion of time in the Keynesian regime is less than the inverse of the absolute value of the average elasticity of demand in that regime. (C) 2003 Elsevier B.V. All rights reserved.
引用
收藏
页码：161 / 166
页数：6
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