Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/36659 
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dc.contributor.authorBabutsidze, Zakariaen
dc.date.accessioned2010-07-16-
dc.date.accessioned2010-07-19T15:16:35Z-
dc.date.available2010-07-19T15:16:35Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aEconomics Discussion Papers |x2010-19en
dc.subject.jelE31en
dc.subject.jelE37en
dc.subject.ddc330en
dc.subject.keyword(S,s) pricingen
dc.subject.keywordheterogeneityen
dc.subject.keywordasymmetryen
dc.subject.keywordfour-state shocksen
dc.subject.stwPreisrigiditäten
dc.subject.stwMonopolistischer Wettbewerben
dc.subject.stwBetriebliche Preispolitiken
dc.subject.stwSchocken
dc.subject.stwGeldpolitiken
dc.subject.stwKonjunkturen
dc.subject.stwAnpassungskostenen
dc.subject.stwTheorieen
dc.title(S,s) pricing: Does the heterogeneity wipe out the asymmetry on micro level?-
dc.typeWorking Paperen
dc.identifier.ppn631261311en
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen
dc.identifier.repecRePEc:zbw:ifwedp:201019en

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