|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/19002
|
| | |
| Title: | | Output effects of inflation with fixed price- and quantity-adjustment costs  |
| Authors: | | Danziger, Leif |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1538 |
| Abstract: | | With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm?s marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output increases with inflation. In the special case that the elasticity always equals minus unity, then output is independent of inflation. This is the case if demand is derived from a logquadratic utility function. |
| JEL: | | E31 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/19002
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|