STOCHASTIC INFLATION AND THE OPTIMAL POLICY OF PRICE ADJUSTMENT
作者:
LEIF DANZIGER,
期刊:
Economic Inquiry
(WILEY Available online 1984)
卷期:
Volume 22,
issue 1
页码: 98-108
ISSN:0095-2583
年代: 1984
DOI:10.1111/j.1465-7295.1984.tb00669.x
出版商: Blackwell Publishing Ltd
数据来源: WILEY
摘要:
This paper analyzes the optimal policy of price adjustment for a monopolistic firm in the presence of stochastic inflation. It shows that an increase in the expected rate of inflation or in the cost of price adjustment leads to an increase in the initial real price and a decrease in the terminal real price in each period with a fixed nominal price. It also shows that the effects of increased riskiness of inflation are ambiguous.
点击下载:
PDF
(603KB)
返 回