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Asymmetric Adjustment Costs and Price Stickiness

  • Andreas Wörgötter
Conference paper
Part of the Studies in Contemporary Economics book series (CONTEMPORARY)

Abstract

This paper deals with the problem how to explain the empirically observed stickiness of prices in the case of demand shocks and at the same time also observable price flexibility in the case of supply (input cost) shocks.

Keywords

Marginal Cost Monetary Policy Demand Curve Adjustment Cost Demand Shock 
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Literature

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Copyright information

© Springer-Verlag Berlin Heidelberg 1986

Authors and Affiliations

  • Andreas Wörgötter
    • 1
  1. 1.Technische Universität WienAustria

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