Mostrar el registro sencillo del ítem
Monopolistic competition, sticky prices, and the minimal mark-up in steady state
dc.creator | Casares Polo, Miguel | es_ES |
dc.date.accessioned | 2016-05-10T07:40:37Z | |
dc.date.available | 2016-05-10T07:40:37Z | |
dc.date.issued | 2007 | |
dc.identifier.uri | https://hdl.handle.net/2454/20643 | |
dc.description.abstract | This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal mark-up is always found at a positive and low rate of inflation for any sensible parameter calibration. Actually, the rate of inflation that minimizes the mark-up is very close to ratio between the real rate of discount and the Dixit-Stiglitz elasticity. This result is robust to altenative sticky-price specifications. | en |
dc.format.extent | 12 p. | |
dc.format.mimetype | application/pdf | en |
dc.language.iso | eng | en |
dc.relation.ispartofseries | Documentos de Trabajo DE - ES Lan Gaiak | es |
dc.relation.ispartofseries | 0702 | en |
dc.rights | CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) | en |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
dc.subject | Monopolistic competition | en |
dc.subject | Sticky prices | en |
dc.subject | Minimal mark-up | en |
dc.title | Monopolistic competition, sticky prices, and the minimal mark-up in steady state | en |
dc.type | Documento de trabajo / Lan gaiak | es |
dc.type | info:eu-repo/semantics/workingPaper | en |
dc.contributor.department | Economía | es_ES |
dc.contributor.department | Ekonomia | eu |
dc.rights.accessRights | Acceso abierto / Sarbide irekia | es |
dc.rights.accessRights | info:eu-repo/semantics/openAccess | en |