Article ID Journal Published Year Pages File Type
5062630 Economics Letters 2006 6 Pages PDF
Abstract

State dependent pricing models predict different real responses to shocks than time dependent pricing models. For sufficiently large shocks, the real effects of shocks are independent of their sign.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Shock size, asymmetries, and state dependent pricing
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