Arbeitspapier
On the Output-Inflation Relationship when Price and Quantity Adjustments are Costly
A vast literature analyzes the real effects of price-adjustment costs assuming that quantity adjustments are costless. In this paper, we analyze whether the presence of quantity-adjustments costs, which presumably are significant, change the traditional results on the impact of inflation. In particular, recent findings suggest that quantity-adjustment costs may remove the linkage between output and inflation. We show that this is not the case when inflation is anticipated. On the contrary, quantity-adjustment costs may significantly amplify the consequences of price-adjustment costs.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 293
- Classification
-
Wirtschaft
- Subject
-
Output-inflation relationship
menu costs
quantity-adjustment costs
- Event
-
Geistige Schöpfung
- (who)
-
Danziger, Leif
Hansen, Claus Thustrup
- Event
-
Veröffentlichung
- (who)
-
Center for Economic Studies and ifo Institute (CESifo)
- (where)
-
Munich
- (when)
-
2000
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Danziger, Leif
- Hansen, Claus Thustrup
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2000
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