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Staggered Price Setting with Endogenous Frequency of Adjustment / David Romer.
- Format:
- Book
- Author/Creator:
- Romer, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w3134.
- NBER working paper series no. w3134
- Language:
- English
- Subjects (All):
- Prices--Econometric models.
- Prices.
- Log-linear models.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1989.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1989.
- Summary:
- The classic models of staggered adjustment of Taylor and Blanchard takes the frequency of price or wage adjustment as exogenous. This paper develops a model in which the frequency of price changes in endogenous. It then uses the model to analyze the effects of changes in the parameters of the economy on the frequency of adjustment and the real effects of monetary shocks.
- Notes:
- Print version record
- October 1989.
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