Menu costs and the long-run output--inflation trade-off.

DOI10.1016/S0165-1765(02)00022-8MaRDI QIDQ1603870zbMATH OpenFDO

Authors Michael B. Devereux, James Yetman

Publication date 15 July 2002

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0165-1765(02)00022-8

zbMATH Keywords

Menu costsPhillips curve

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Staggered price setting with endogenous frequency of adjustment

Cited in

(9)

• Which econometric specification to characterize the U.S. inflation rate process?
• Fixed prices versus predetermined prices and the equilibrium probability of price adjustment
• Increasing returns to scale and the long-run Phillips curve
• Trend inflation, sticky prices, and expectational stability
• Heterogeneity, decentralized trade, and the long-run real effects of inflation
• Inflation and income inequality in a variety-expansion growth model with menu costs
• Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
• New Pricing Models, Same Old Phillips Curves?
• Permanent effects of monetary policy in a dynamic menu cost model

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