Arbeitspapier
Output effects of inflation with fixed price- and quantity-adjustment costs
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1538
- Klassifikation
-
Wirtschaft
Price Level; Inflation; Deflation
- Thema
-
Inflation
Produktion
Anpassungskosten
Einnahmen
Elastizität
Konjunktur
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Danziger, Leif
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Danziger, Leif
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2005
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