Permanent effects of monetary policy in a dynamic menu cost model

DOI10.1016/0165-1765(96)00838-5zbMATH Open0875.90288OpenAlexW2054369820MaRDI QIDQ671702FDOQ671702

Authors: Per Svejstrup Hansen 

Publication date: 27 February 1997

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(96)00838-5

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zbMATH Keywords

Uncertainty(SMenu costsMonetary policys)-rules

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Cites Work

• State-Dependent Pricing and the Dynamics of Money and Output
• Optimum Pricing Policy under Stochastic Inflation
• Inflation and Costs of Price Adjustment
• Price Adjustments with Stochastic Inflation

Cited In (3)

• Menu costs and the long-run output--inflation trade-off.
• Frequent price changes under menu costs
• Inefficacy of temporary policy in Neumeyer-Yano's monetary model

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