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Article: Menu costs and the long-run output–inflation trade-off

TitleMenu costs and the long-run output–inflation trade-off
Authors
Devereux, MBYetman, JA
KeywordsMenu costs
Phillips curve
Issue Date2002
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet
Citation
Economics Letters, 2002, v. 76 n. 1, p. 95-100 How to Cite?
DOI: http://dx.doi.org/10.1016/S0165-1765(02)00022-8
AbstractIn standard, New Keynesian models, there exists an unlimited long-run trade-off between output and inflation. But when we allow for an endogenous frequency of price adjustment, this is replaced by an inverted U-shaped relationship.
Persistent Identifierhttp://hdl.handle.net/10722/48710
ISSN
0165-1765
2023 Impact Factor: 2.1
2023 SCImago Journal Rankings: 0.729
ISI Accession Number ID
WOS:000175987200013

 

DC FieldValueLanguage
dc.contributor.authorDevereux, MBen_HK
dc.contributor.authorYetman, JAen_HK
dc.date.accessioned2008-05-22T04:22:05Z-
dc.date.available2008-05-22T04:22:05Z-
dc.date.issued2002en_HK
dc.identifier.citationEconomics Letters, 2002, v. 76 n. 1, p. 95-100en_HK
dc.identifier.issn0165-1765en_HK
dc.identifier.urihttp://hdl.handle.net/10722/48710-
dc.description.abstractIn standard, New Keynesian models, there exists an unlimited long-run trade-off between output and inflation. But when we allow for an endogenous frequency of price adjustment, this is replaced by an inverted U-shaped relationship.en_HK
dc.format.extent70323 bytes-
dc.format.extent234412 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecoleten_HK
dc.rightsEconomics Letters. Copyright © Elsevier BV.en_HK
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectMenu costsen_HK
dc.subjectPhillips curveen_HK
dc.titleMenu costs and the long-run output–inflation trade-offen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0165-1765&volume=76&issue=1&spage=95&epage=100&date=2002&atitle=Menu+costs+and+the+long-run+output–inflation+trade-off+en_HK
dc.identifier.emailYetman, JA: jyetman@econ.hku.hken_HK
dc.description.naturepostprinten_HK
dc.identifier.doi10.1016/S0165-1765(02)00022-8en_HK
dc.identifier.scopuseid_2-s2.0-0036000761-
dc.identifier.isiWOS:000175987200013-
dc.identifier.issnl0165-1765-

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