A Model of Price AdjustmentNo abstract is available for this item.doi:10.1016/0022-0531(71)90013-5Peter A. DiamondElsevierJournal of Economic Theory
This paper investigates the theoretical and empirical properties of a model of aggregate supply behavior that was introduced in the 1970s but has received inadequate attention. The model postulates that price changes occur so as to gradually eliminate discrepancies between actual and market-clearing valu...
We consider a price adjustment process in a model of monopolistic competition. Firms have incomplete information about the demand structure. When they set a price they observe the amount they can sell at that price and they observe the slope of the true demand curve at that price. With this ...
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学术范收录的Journal A semi-classical model of price-level adjustment,目前已有全文资源,进入学术范阅读全文,查看参考文献与引证文献,参与文献内容讨论。学术范是一个在线学术交流社区,收录论文、作者、研究机构等信息,是一个与小木虫、知乎类似的学术讨论论坛,也
Figure 1. Example of stock price forecast. Hence, we need to reconsider the feasibility and necessity of finding a model that can precisely forecast stock prices in real time. Stock prices are affected by both internal factors, such as the company’s performance, and external factors, such ...
properties of one particular model of aggregate supply behavior that has not, in my opinion, attracted the attention that it deserves. The model in question features price-level stickiness-i.e., gradual adjustment in response to shocks-but nevertheless has several “classical” characteristics. Its...
please contact support@. Oxford University Press is collaborating with JSTOR to digitize, preserve and extend access to The Quarterly Journal of Economics. A CONTRIBUTION TO THE THEORY OF ECONOMIC GROWTH By ROBERT M. SOLOW I. Introduction, 65. - II. A model of long-run growth, 66. - III....
This improvement in wellbeing has particularly allowed millions of Chinese to leave extreme poverty, especially in rural areas. During this transition from a highly egalitarian collectivist model to a more open market economy, economic growth has been accompanied by an important rise in income ...