Detail On The Stubbornness of Sticky Prices   Oleh:  Tsiddon, Daniel Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 1 (1991), page 69-76. Topik: prices; stubbornness; sticky prices Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper presents a simple "menu cost" example in which there is a clear distinction between price stickiness and downward rigidity of prices. While price stickiness may or may not exists in "menu cost" models, downward rigidity shows up whenever there is a reduction of the expected rate of inflation. This reduction changes the optimal target and threshold for each firm. For some, it also implies an immediate increase of their own price. This upward jump of prices in case of a disinflationary attempt is interpreted as downward rigidity since there are no symmetric forces when expected inflation increases. This asymmetry emerges as firms maximize profits over the entire future. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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