A dynamic economy with costly price adjustments

American Economic Review

Volumn 89, Issue 4, 1999, Pages 878-901

  Danziger, Leif ^a  

^a YORK UNIVERSITY   (Canada)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000799115     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.89.4.878     Document Type: Article

References (26)

1. Akerlof, George A. and Yellen, Janet L. "A Near-Rational Model of the Business Cycle with Wage and Price Inertia." Quarterly Journal of Economics, 1985, Supp., 100, pp. 823-38.
2. Ball, Laurence and Romer, David. "Are Prices Too Sticky?" Quarterly Journal of Economics, August 1989, 104 (3), pp. 507-24.
3. _. "Real Rigidities and the Non-Neutrality of Money." Review of Economic Studies, April 1990, 57 (2), pp. 183-203.
4. Benabou, Roland. "Search, Price Setting and Inflation." Review of Economic Studies, July 1988, 55 (3), pp. 353-76.
5. _. "Inflation and Efficiency in Search Markets." Review of Economic Studies, April 1992, 59 (2), pp. 299-329.
6. Bertola, Guiseppe and Caballero, Ricardo J. "Kinked Adjustment Costs and Aggregate Dynamics," in Olivier Jean Blanchard and Stanley Fischer, eds., NBER macroeconomics annual 1990. Cambridge, MA: MIT Press, 1990, pp. 237-88.
7. Blanchard, Olivier Jean and Kiyotaki, Nobuhiro. "Monopolistic Competition and the Effects of Aggregate Demand." American Economic Review, September 1987, 77 (4), pp. 647-66.
8. Caballero, Ricardo J. and Engel, Eduardo M. R. A. "Dynamic (S, s) Economies." Econometrica, November 1991, 59 (6), pp. 1659-86.
9. _. "Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy." Review of Economic Studies, January 1993, 60 (1), pp. 95-119.
10. Calvo, Guillermo A. "Staggered Prices in a Utility-Maximizing Framework." Journal of Monetary Economics, September 1983, 12 (3), pp. 383-98.
11. Caplin, Andrew and Leahy, John. "State-Dependent Pricing and the Dynamics of Money and Output." Quarterly Journal of Economics, August 1991, 106 (3), pp. 683-708.
12. _. "Aggregation and Optimization with State-Dependent Pricing." Econometrica, May 1997, 65 (3), pp. 601-25.
13. Caplin, Andrew S. and Spulber, Daniel F. "Menu Costs and the Neutrality of Money." Quarterly Journal of Economics, November 1987, 102 (4), pp. 703-25.
14. Cooley, Thomas F. and Ohanian, Lee E. "The Cyclical Behavior of Prices." Journal of Monetary Economics, August 1991, 28 (1), pp. 25-60.
15. Danziger, Leif. "Price Adjustments with Stochastic Inflation." International Economic Review, October 1983, 24 (3), pp. 699-707.
16. _. "Stochastic Inflation and the Optimal Policy of Price Adjustment." Economic Inquiry, January 1984, 22 (1), pp. 98-108.
17. _. "Costs of Price Adjustment and the Welfare Economics of Inflation and Disinflation." American Economic Review, September 1988, 78 (4), pp. 633-46.
18. Diamond, Peter A. "Search, Sticky Prices, and Inflation." Review of Economic Studies, January 1993, 60 (1), pp. 53-68.
19. Dixit, Avinash. "Analytical Approximations in Models of Hysteresis." Review of Economic Studies, January 1991, 58 (1), pp. 141-51.
20. Lach, Saul and Tsiddon, Daniel. "The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregated Price Data." Journal of Political Economy, April 1992, 100 (2), pp. 349-89.
21. Levy, Daniel; Bergen, Mark; Dutta, Shantanu and Venable, Robert. "On the Magnitude of Menu Costs: Direct Evidence from Large U.S. Supermarket Chains." Quarterly Journal of Economics, August 1997, 112 (3), pp. 791-825.
22. Mankiw, N. Gregory. "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly." Quarterly Journal of Economics, May 1985, 100 (2), pp. 529-37.
23. Parkin, Michael. "The Output-Inflation Trade-off When Prices Are Costly to Change." Journal of Political Economy, February 1986, 94 (1), pp. 200-24.
24. Rotemberg, Julio J. "Prices, Output and Hours: An Empirical Analysis Based on a Sticky Price Model." Journal of Monetary Economics, June 1996, 37 (3), pp. 505-33.
25. Sheshinski, Eytan and Weiss, Yoram. "Inflation and Costs of Price Adjustment." Review of Economic Studies, June 1977, 44 (2), pp. 287-303.
26. _. "Optimum Pricing Policy under Stochastic Inflation." Review of Economic Studies, July 1983, 50 (3), pp. 513-29.