Staggered Price Setting with Endogenous Frequency of Adjustment

David Romer

No 3134, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The classic models of staggered adjustment of Taylor and Blanchard takes the frequency of price or wage adjustment as exogenous. This paper develops a model in which the frequency of price changes in endogenous. It then uses the model to analyze the effects of changes in the parameters of the economy on the frequency of adjustment and the real effects of monetary shocks.

Date: 1989-10
Note: EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published as Economics Letters, Vol. 32, pp. 205-210, March 1990.

Downloads: (external link)
http://www.nber.org/papers/w3134.pdf (application/pdf)

Related works:
Journal Article: Staggered price setting with endogenous frequency of adjustment (1990)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:3134

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w3134

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by (wpc@nber.org).