State-Dependent Pricing and the General Equilibrium Dynamics of Money and Output
- 1 May 1999
- journal article
- research article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 114 (2) , 655-690
- https://doi.org/10.1162/003355399556106
Abstract
Economists have long suggested that nominal product prices are changed infrequently because of fixed costs. In such a setting, optimal price adjustmeThis publication has 15 references indexed in Scilit:
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