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- W3002754293 abstract "This paper studies the implications of price flexibility on output volatility under menu costs and finds price flexibility to be output-destabilizing under supply shocks, but not necessarily so under demand shocks. We illustrate that such a result hinges on the extent to which firms can adjust along both the intensive and the extensive margins, the latter of which is often absent in the literature." @default.
- W3002754293 created "2020-01-30" @default.
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- W3002754293 date "2020-01-23" @default.
- W3002754293 modified "2023-09-25" @default.
- W3002754293 title "PRICE FLEXIBILITY AND OUTPUT VOLATILITY UNDER MENU COSTS" @default.
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- W3002754293 doi "https://doi.org/10.1017/s1365100519001020" @default.
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