Menu costs and the long-run output--inflation trade-off.

DOI10.1016/S0165-1765(02)00022-8zbMath1100.91556MaRDI QIDQ1603870

James Yetman, Michael B. Devereux

Publication date: 15 July 2002

Published in: Economics Letters (Search for Journal in Brave)

zbMATH Keywords

Phillips curveMenu costs

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Microeconomic theory (price theory and economic markets) (91B24)

Related Items (5)

Heterogeneity, decentralized trade, and the long-run real effects of inflation ⋮ Fixed prices versus predetermined prices and the equilibrium probability of price adjustment ⋮ Increasing returns to scale and the long-run Phillips curve ⋮ Trend inflation, sticky prices, and expectational stability ⋮ Which econometric specification to characterize the U.S. inflation rate process?

Cites Work

• Staggered price setting with endogenous frequency of adjustment

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