Inflation and output dynamics with state-dependent pricing decisions

This paper studies a state-dependent pricing model in which firms face a fixed cost of changing their pricing plans. A pricing plan specifies an entire sequence of time-varying future prices. Allowing firms to choose a pricing plan rather than a single price generates inflation inertia in the respon...

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Veröffentlicht in:	Journal of monetary economics 2006-10, Vol.53 (7), p.1235-1257
1. Verfasser:	Burstein, Ariel T.
Format:	Artikel
Sprache:	eng
Schlagworte:	Growth rate Inflation Inflation inertia Money markets Nominal rigidities Output Pricing Pricing policies Productivity State State-dependent pricing Studies
Online-Zugang:	Volltext
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