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- W2011526337 abstract "The aim of the present paper is to analyze the link between price rigidity and indeterminacy. This is done within a cash-in-advance economy from which we know that it exhibits indeterminacy at high degrees of relative risk aversion. I find that price stickiness reduces the scope of these sunspot equilibria: sluggish price adjustment requires degrees of relative risk aversion compatible with indeterminacy that prove too high to square with data." @default.
- W2011526337 created "2016-06-24" @default.
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- W2011526337 date "2006-01-01" @default.
- W2011526337 modified "2023-10-18" @default.
- W2011526337 title "Sticky Prices and Indeterminacy" @default.
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- W2011526337 doi "https://doi.org/10.2139/ssrn.880717" @default.
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