Staggered Price Setting with Endogenous Frequency of Adjustment

Author / Creator

Romer, David

Available as

Online

Summary

Abstract: The classic models of staggered adjustment of Taylor and Blanchard takes the. Abstract: frequency of price or wage adjustment as exogenous. This paper develops a. Abstract: model in which...

Abstract: The classic models of staggered adjustment of Taylor and Blanchard takes the.

Abstract: frequency of price or wage adjustment as exogenous. This paper develops a.

Abstract: model in which the frequency of price changes in endogenous. It then uses.

Abstract: the model to analyze the effects of changes in the parameters of the economy.

Abstract: on the frequency of adjustment and the real effects of monetary shocks.

Show More