Price Rigidity

Download Price Rigidity full books in PDF, epub, and Kindle. Read online Price Rigidity ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Price Rigidity

Author : Torben M. Andersen
Publisher : Oxford University Press on Demand
ISBN 13 : 9780198287605
Total Pages : 186 pages
Book Rating : 4.2/5 (876 download)

DOWNLOAD NOW!

Book Synopsis Price Rigidity by : Torben M. Andersen

Download or read book Price Rigidity written by Torben M. Andersen and published by Oxford University Press on Demand. This book was released on 1994 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The price adjustment process is crucial to almost any macroeconomic issue. Current macroeconomic literature features widely different models ranking from instantaneous price adjustment to completely rigid prices. Professor Andersen provides a comprehensive analysis of reasons why prices may fail to adjust instantaneously to changes in market conditions. This unified treatment will allow the reader to understand the mechanisms at work without becoming lost in technical details. This volume covers both real and nominal price rigidities and integrates existing results from the literature with new results on causes for failures of price adjustment. The analysis of real price rigidities includes inventories, customer markets, search and collusive behaviour. Due to the focus on macroeconomic implications, the analysis of nominal price rigidities is extensive and includes menu costs, informational problems, asynchronized price setting as well as the interaction between price and wage setting. Professor Andersen's own theoretical work on imperfect information, a prime source of price and wage rigidity, is given prominence in the book. The volume is thus a combination of a valuable survey of the literature, and an original expression of future possible research avenues.

Asking About Prices

Author : Alan Blinder
Publisher : Russell Sage Foundation
ISBN 13 : 1610440684
Total Pages : 412 pages
Book Rating : 4.6/5 (14 download)

DOWNLOAD NOW!

Book Synopsis Asking About Prices by : Alan Blinder

Download or read book Asking About Prices written by Alan Blinder and published by Russell Sage Foundation. This book was released on 1998-01-08 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do consumer prices and wages adjust so slowly to changes in market conditions? The rigidity or stickiness of price setting in business is central to Keynesian economic theory and a key to understanding how monetary policy works, yet economists have made little headway in determining why it occurs. Asking About Prices offers a groundbreaking empirical approach to a puzzle for which theories abound but facts are scarce. Leading economist Alan Blinder, along with co-authors Elie Canetti, David Lebow, and Jeremy B. Rudd, interviewed a national, multi-industry sample of 200 CEOs, company heads, and other corporate price setters to test the validity of twelve prominent theories of price stickiness. Using everyday language and pertinent scenarios, the carefully designed survey asked decisionmakers how prominently these theoretical concerns entered into their own attitudes and thought processes. Do businesses tend to view the costs of changing prices as prohibitive? Do they worry that lower prices will be equated with poorer quality goods? Are firms more likely to try alternate strategies to changing prices, such as warehousing excess inventory or improving their quality of service? To what extent are prices held in place by contractual agreements, or by invisible handshakes? Asking About Prices offers a gold mine of previously unavailable information. It affirms the widespread presence of price stickiness in American industry, and offers the only available guide to such business details as what fraction of goods are sold by fixed price contract, how often transactions involve repeat customers, and how and when firms review their prices. Some results are surprising: contrary to popular wisdom, prices do not increase more easily than they decrease, and firms do not appear to practice anticipatory pricing, even when they can foresee cost increases. Asking About Prices also offers a chapter-by-chapter review of the survey findings for each of the twelve theories of price stickiness. The authors determine which theories are most popular with actual price setters, how practices vary within different business sectors, across firms of different sizes, and so on. They also direct economists' attention toward a rationale for price stickiness that does not stem from conventional theory, namely a strong reluctance by firms to antagonize or inconvenience their customers. By illuminating how company executives actually think about price setting, Asking About Prices provides an elegant model of a valuable new approach to conducting economic research.

Rigidity Theory and Applications

Author : M.F. Thorpe
Publisher : Springer Science & Business Media
ISBN 13 : 0306470896
Total Pages : 435 pages
Book Rating : 4.3/5 (64 download)

DOWNLOAD NOW!

Book Synopsis Rigidity Theory and Applications by : M.F. Thorpe

Download or read book Rigidity Theory and Applications written by M.F. Thorpe and published by Springer Science & Business Media. This book was released on 2006-04-11 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although rigidity has been studied since the time of Lagrange (1788) and Maxwell (1864), it is only in the last twenty-five years that it has begun to find applications in the basic sciences. The modern era starts with Laman (1970), who made the subject rigorous in two dimensions, followed by the development of computer algorithms that can test over a million sites in seconds and find the rigid regions, and the associated pivots, leading to many applications. This workshop was organized to bring together leading researchers studying the underlying theory, and to explore the various areas of science where applications of these ideas are being implemented.

The General Theory of Employment, Interest and Money

Author : John Maynard Keynes
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (17 download)

DOWNLOAD NOW!

Book Synopsis The General Theory of Employment, Interest and Money by : John Maynard Keynes

Download or read book The General Theory of Employment, Interest and Money written by John Maynard Keynes and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Dimensions of Monetary Policy

Author : Jordi Galí
Publisher : University of Chicago Press
ISBN 13 : 0226278875
Total Pages : 663 pages
Book Rating : 4.2/5 (262 download)

DOWNLOAD NOW!

Book Synopsis International Dimensions of Monetary Policy by : Jordi Galí

Download or read book International Dimensions of Monetary Policy written by Jordi Galí and published by University of Chicago Press. This book was released on 2010-03-15 with total page 663 pages. Available in PDF, EPUB and Kindle. Book excerpt: United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national economies, and reduced trading costs. International Dimensions of Monetary Policy brings together fresh research to address the repercussions of the continuing evolution toward globalization for the conduct of monetary policy. In this comprehensive book, the authors examine the real and potential effects of increased openness and exposure to international economic dynamics from a variety of perspectives. Their findings reveal that central banks continue to influence decisively domestic economic outcomes—even inflation—suggesting that international factors may have a limited role in national performance. International Dimensions of Monetary Policy will lead the way in analyzing monetary policy measures in complex economies.

In Search of Price Rigidities

Author : Jacques Morisset
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!

Book Synopsis In Search of Price Rigidities by : Jacques Morisset

Download or read book In Search of Price Rigidities written by Jacques Morisset and published by World Bank Publications. This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Imperfect Competition and Sticky Prices

Author : N. Gregory Mankiw
Publisher : MIT Press
ISBN 13 : 9780262631334
Total Pages : 448 pages
Book Rating : 4.6/5 (313 download)

DOWNLOAD NOW!

Book Synopsis Imperfect Competition and Sticky Prices by : N. Gregory Mankiw

Download or read book Imperfect Competition and Sticky Prices written by N. Gregory Mankiw and published by MIT Press. This book was released on 1991 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: These two volumes bring together a set of important essays that represent a "new Keynesian" perspective in economics today. This recent work shows how the Keynesian approach to economic fluctuations can be supported by rigorous microeconomic models of economic behavior. The essays are grouped in seven parts that cover costly price adjustment, staggering of wages and prices, imperfect competition, coordination failures, and the markets for labor, credit, and goods. An overall introduction, brief introductions to each of the parts, and a bibliography of additional papers in the field round out this valuable collection.Volume 1 focuses on how friction in price setting at the microeconomic level leads to nominal rigidity at the macroeconomic level, and on the macroeconomic consequences of imperfect competition, including aggregate demand externalities and multipliers. Volume 2 addresses recent research on non-Walrasian features of the labor, credit, and goods markets. Contributors George A Akerlof, Costas Azariadis, Laurence Ball, Ben S. Bernanke, Mark Bits, Olivier J. Blanchard, Alan S. Blinder, John Bryant, Andrew S. Caplin, Dennis W. Carlton, Stephen G. Cecchetti, Russell Cooper, Peter A. Diamond, Gary Fethke, Stanley Fischer, Robert E. Hall, Oliver Hart, Andrew John, Nobuhiro Kiyotaki, Alan B. Krueger, David M. Lilien, Ian M. McDonald, N. David Mankiw, Arthur M. Okun, Andres Policano, David Romer, Julio J. Rotemberg, Garth Saloner, Carl Shapiro, Andrei Shleifer, Robert M. Solow, Daniel F. Spulber, Joseph E. Stiglitz, Lawrence H. Summers, John Taylor, Andrew Weiss, Michael Woodford, Janet L. Yellen

Rigid Flexibility

Author : Pei Wang
Publisher : Springer Science & Business Media
ISBN 13 : 1402050453
Total Pages : 420 pages
Book Rating : 4.4/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Rigid Flexibility by : Pei Wang

Download or read book Rigid Flexibility written by Pei Wang and published by Springer Science & Business Media. This book was released on 2006-09-01 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the most comprehensive description of the decades-long Non-Axiomatic Reasoning System (NARS) project, including its philosophical foundation, methodological consideration, conceptual design details, implications in the related fields, and its similarities and differences to many related works in cognitive science. While most current works in Artificial Intelligence (AI) focus on individual aspects of intelligence and cognition, NARS is designed and developed to attack the AI problem as a whole.

Combinatorial Rigidity

Author : Jack E. Graver
Publisher : American Mathematical Soc.
ISBN 13 : 0821838016
Total Pages : 184 pages
Book Rating : 4.8/5 (218 download)

DOWNLOAD NOW!

Book Synopsis Combinatorial Rigidity by : Jack E. Graver

Download or read book Combinatorial Rigidity written by Jack E. Graver and published by American Mathematical Soc.. This book was released on 1993 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents rigidity theory in a historical context. The combinatorial aspects of rigidity are isolated and framed in terms of a special class of matroids, which are a natural generalization of the connectivity matroid of a graph. The book includes an introduction to matroid theory and an extensive study of planar rigidity. The final chapter is devoted to higher dimensional rigidity, highlighting the main open questions. Also included is an extensive annotated bibiolography with over 150 entries. The book is aimed at graduate students and researchers in graph theory and combinatorics or in fields which apply the structural aspects of these subjects in architecture and engineering. Accessible to those who have had an introduction to graph theory at the senior or graduate level, the book would be suitable for a graduate course in graph theory.

Interest and Prices

Author : Michael Woodford
Publisher : Princeton University Press
ISBN 13 : 1400830168
Total Pages : 805 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!

Book Synopsis Interest and Prices by : Michael Woodford

Download or read book Interest and Prices written by Michael Woodford and published by Princeton University Press. This book was released on 2011-12-12 with total page 805 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure "fiat" currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the "New Classical" critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.

Rigid Designation and Theoretical Identities

Author : Joseph LaPorte
Publisher : Oxford University Press
ISBN 13 : 0199609209
Total Pages : 260 pages
Book Rating : 4.1/5 (996 download)

DOWNLOAD NOW!

Book Synopsis Rigid Designation and Theoretical Identities by : Joseph LaPorte

Download or read book Rigid Designation and Theoretical Identities written by Joseph LaPorte and published by Oxford University Press. This book was released on 2013 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph LaPorte offers an original account of the connections between the reference of words for properties and kinds, and theoretical identity statements. He argues that terms for properties, as well as for concrete objects, are rigid designators, and defends the Kripkean tradition of theoretical identities.

A Course in Monetary Economics

Author : Benjamin Eden
Publisher : John Wiley & Sons
ISBN 13 : 0470752009
Total Pages : 424 pages
Book Rating : 4.4/5 (77 download)

DOWNLOAD NOW!

Book Synopsis A Course in Monetary Economics by : Benjamin Eden

Download or read book A Course in Monetary Economics written by Benjamin Eden and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Course in Monetary Economics is an insightful introduction to advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. The inventive analysis explores an extensive range of topics including the optimum quantity of money, optimal monetary and fiscal policy, and uncertain and sequential trade models. Additionally, the text contains a simple general equilibrium version of Lucas (1972) confusion hypothesis, and presents and synthesizes the results of recent empirical work. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses at both the upper-level undergraduate and graduate levels.

Open Economy Macroeconomics

Author : Martín Uribe
Publisher : Princeton University Press
ISBN 13 : 1400885302
Total Pages : 648 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!

Book Synopsis Open Economy Macroeconomics by : Martín Uribe

Download or read book Open Economy Macroeconomics written by Martín Uribe and published by Princeton University Press. This book was released on 2017-04-04 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cutting-edge graduate-level textbook on the macroeconomics of international trade Combining theoretical models and data in ways unimaginable just a few years ago, open economy macroeconomics has experienced enormous growth over the past several decades. This rigorous and self-contained textbook brings graduate students, scholars, and policymakers to the research frontier and provides the tools and context necessary for new research and policy proposals. Martín Uribe and Stephanie Schmitt-Grohé factor in the discipline's latest developments, including major theoretical advances in incorporating financial and nominal frictions into microfounded dynamic models of the open economy, the availability of macro- and microdata for emerging and developed countries, and a revolution in the tools available to simulate and estimate dynamic stochastic models. The authors begin with a canonical general equilibrium model of an open economy and then build levels of complexity through the coverage of important topics such as international business-cycle analysis, financial frictions as drivers and transmitters of business cycles and global crises, sovereign default, pecuniary externalities, involuntary unemployment, optimal macroprudential policy, and the role of nominal rigidities in shaping optimal exchange-rate policy. Based on courses taught at several universities, Open Economy Macroeconomics is an essential resource for students, researchers, and practitioners. Detailed exploration of international business-cycle analysis Coverage of financial frictions as drivers and transmitters of business cycles and global crises Extensive investigation of nominal rigidities and their role in shaping optimal exchange-rate policy Other topics include fixed exchange-rate regimes, involuntary unemployment, optimal macroprudential policy, and sovereign default and debt sustainability Chapters include exercises and replication codes

Rigidity in Dynamics and Geometry

Author : Marc Burger
Publisher : Springer Science & Business Media
ISBN 13 : 9783540432432
Total Pages : 520 pages
Book Rating : 4.4/5 (324 download)

DOWNLOAD NOW!

Book Synopsis Rigidity in Dynamics and Geometry by : Marc Burger

Download or read book Rigidity in Dynamics and Geometry written by Marc Burger and published by Springer Science & Business Media. This book was released on 2002-05-13 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is an offspring of the special semester "Ergodic Theory, Geometric Rigidity and Number Theory" held at the Isaac Newton Institute for Mathematical Sciences in Cambridge, UK, from January until July, 2000. Some of the major recent developments in rigidity theory, geometric group theory, flows on homogeneous spaces and Teichmüller spaces, quasi-conformal geometry, negatively curved groups and spaces, Diophantine approximation, and bounded cohomology are presented here. The authors have given special consideration to making the papers accessible to graduate students, with most of the contributions starting at an introductory level and building up to presenting topics at the forefront in this active field of research. The volume contains surveys and original unpublished results as well, and is an invaluable source also for the experienced researcher.

Institutions and Economic Theory

Author : Eirik Grundtvig Furubotn
Publisher : University of Michigan Press
ISBN 13 : 9780472086801
Total Pages : 576 pages
Book Rating : 4.0/5 (868 download)

DOWNLOAD NOW!

Book Synopsis Institutions and Economic Theory by : Eirik Grundtvig Furubotn

Download or read book Institutions and Economic Theory written by Eirik Grundtvig Furubotn and published by University of Michigan Press. This book was released on 2000 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive introduction to and critical assessment of the theory and applications of the New Institutional Economics.

Computers, Rigidity, and Moduli

Author : Shmuel Weinberger
Publisher : Princeton University Press
ISBN 13 : 9780691118895
Total Pages : 204 pages
Book Rating : 4.1/5 (188 download)

DOWNLOAD NOW!

Book Synopsis Computers, Rigidity, and Moduli by : Shmuel Weinberger

Download or read book Computers, Rigidity, and Moduli written by Shmuel Weinberger and published by Princeton University Press. This book was released on 2005 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to present a new area of mathematical research that combines topology, geometry, and logic. Shmuel Weinberger seeks to explain and illustrate the implications of the general principle, first emphasized by Alex Nabutovsky, that logical complexity engenders geometric complexity. He provides applications to the problem of closed geodesics, the theory of submanifolds, and the structure of the moduli space of isometry classes of Riemannian metrics with curvature bounds on a given manifold. Ultimately, geometric complexity of a moduli space forces functions defined on that space to have many critical points, and new results about the existence of extrema or equilibria follow. The main sort of algorithmic problem that arises is recognition: is the presented object equivalent to some standard one? If it is difficult to determine whether the problem is solvable, then the original object has doppelgängers--that is, other objects that are extremely difficult to distinguish from it. Many new questions emerge about the algorithmic nature of known geometric theorems, about "dichotomy problems," and about the metric entropy of moduli space. Weinberger studies them using tools from group theory, computability, differential geometry, and topology, all of which he explains before use. Since several examples are worked out, the overarching principles are set in a clear relief that goes beyond the details of any one problem.

Learning from SARS

Author : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309182158
Total Pages : 376 pages
Book Rating : 4.3/5 (91 download)

DOWNLOAD NOW!

Book Synopsis Learning from SARS by : Institute of Medicine

Download or read book Learning from SARS written by Institute of Medicine and published by National Academies Press. This book was released on 2004-04-26 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.