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The choice between state- and time-dependent price rules

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Author Info
Fregert, Klas () (Department of Economics, Lund University)

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Abstract

Large review costs lead to time-dependent price setting rules. State-dependent rules become more likely when there is an increase in: set-up costs, the variability of the equilibrium price or the efficiency loss associated with being away from equilibrium.

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File URL: http://www.nek.lu.se/publications/workpap/Papers/WP08_6.pdf
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Publisher Info
Paper provided by Lund University, Department of Economics in its series Working Papers with number 2008:6.

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Length: 11 pages
Date of creation: 24 Mar 2008
Date of revision:
Handle: RePEc:hhs:lunewp:2008_006

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Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden
Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/
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Related research
Keywords: time-dependent price rule; state-dependent price rule;

Find related papers by JEL classification:
E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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This page was last updated on 2009-11-23.

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