Nominal Rigidities and Market Structure: some Macroeconomic Implications
作者： Ramon Caminal
DOI:
关键词: Market structure 、 Price setting 、 Statistical dispersion 、 Inflation 、 Aggregate (data warehouse) 、 Monetary economics 、 Nominal rigidity 、 Economics
摘要: This paper analyzes the macroeconomic implications of asymmetric price adjustment, under alternative assumptions regarding market structure and nominal rigidity. It is shown that: a) aggregate output does not decreases (and sometimes increases) with dispersion shocks; b) strategic setting higher inflation rates are associated levels; c) sectorial shocks may create fluctuations; d) relationship between average fluctuations ambigous.
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