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| Author: | Devereux, M.B. Yetman, J. |
| Title: | Predetermined prices and the persistent effects of money on output |
| Journal: | Journal of Money, Credit and Banking
2003 : OCT, VOL. 35:5, p. 729-741 |
| Index terms: | Monetary economics Pricing |
| Language: | eng |
| Abstract: | This article illustrates a dynamic model of aggregate price and output adjustment under predetermined prices, where companies set a fixed schedule of nominal prices at the time of price readjustment, based on the work of Fischer (1977). |
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