Can More Frequent Price Changes Lead to Price Inertia? Nonneutralities in a State-Dependent Pricing Context

DOI10.2307/2527221MaRDI QIDQ4375449zbMATH OpenOpenAlexFDO

Authors John R. Conlon, Christina Y. Liu

Publication date 5 February 1998

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2527221

zbMATH Keywords

asymmetric fluctuationsaggregate price inertiageneralized \((s, S)\) state-dependent pricing modelPhillips curve slopes

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24)

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• Habit formation in state-dependent pricing models: implications for the dynamics of output and prices
• Aggregation and Optimization with State-Dependent Pricing: A Comment
• Choosing between time and state dependence: micro evidence on firms' price-reviewing strategies

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