Optimally sticky prices: foundations

DOI10.1016/j.jedc.2022.104397OpenAlexW4224275375MaRDI QIDQ2168182

Jean-Paul L'Huillier, William R. Zame

Publication date: 31 August 2022

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2022.104397

zbMATH Keywords

frictionssticky pricesoptimal mechanismspricing policies

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

Cites Work

• State-Dependent Pricing and the Dynamics of Money and Output
• A Theory of Dynamic Oligopoly, II: Price Competition, Kinked Demand Curves, and Edgeworth Cycles
• Business Cycle Dynamics under Rational Inattention
• Decentralized Trading With Private Information
• Money and Interest in a Cash-in-Advance Economy
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• The Optimal Degree of Discretion in Monetary Policy
• Inattentive Producers
• Commitment vs. Flexibility
• A Theory of Monopolistic Price Adjustment

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