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.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 293

Klassifikation
Wirtschaft
Thema
Output-inflation relationship
menu costs
quantity-adjustment costs

Ereignis
Geistige Schöpfung
(wer)
Danziger, Leif
Hansen, Claus Thustrup
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2000

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Danziger, Leif
  • Hansen, Claus Thustrup
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2000

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