English, Article, Journal or magazine article edition: Staggered Price Setting with Endogenous Frequency of Adjustment David Romer

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Bookmark: http://trove.nla.gov.au/version/141142
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Staggered Price Setting with Endogenous Frequency of Adjustment
Author
  • David Romer
Physical Description
  • preprint
Notes
  • 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.
  • RePEc:nbr:nberwo:3134
Language
  • English
Contributed by
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