| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965458 | Journal of Macroeconomics | 2012 | 12 Pages |
Abstract
⺠Price review costs are added to a standard menu cost model. ⺠Reis's inattentiveness model and the Golosov-Lucas model are shown to be special cases. ⺠Time- and state-dependency play key roles in the review-cost model. ⺠The selection effect is sufficiently weakened to restore the non-neutrality of money.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
David Demery,