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dc.contributor.authorBabutsidze, Zakariaen_US
dc.date.accessioned2010-07-16en_US
dc.date.accessioned2010-07-19T15:16:35Z-
dc.date.available2010-07-19T15:16:35Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36659-
dc.description.abstractThis paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried over on macro level and what is the role of agent heterogeneity in the process. We look at two kinds of asymmetries: (i) asymmetric output responses monetary shocks and (ii) asymmetric responses to shocks during different phases of business cycle. We conclude that the first type of asymmetry can be attributed to the differences in adjustment bands and that heterogeneity softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers 2010-19en_US
dc.subject.jelE31en_US
dc.subject.jelE37en_US
dc.subject.ddc330en_US
dc.subject.keyword(S,s) pricingen_US
dc.subject.keywordheterogeneityen_US
dc.subject.keywordasymmetryen_US
dc.subject.keywordfour-state shocksen_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwMonopolistischer Wettbewerben_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwSchocken_US
dc.subject.stwGeldpolitiken_US
dc.subject.stwKonjunkturen_US
dc.subject.stwAnpassungskostenen_US
dc.subject.stwTheorieen_US
dc.title(S,s) pricing: Does the heterogeneity wipe out the asymmetry on micro level?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn631261311en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:201019-
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