Price Dynamics and Production Lags.

The paper shows how prolonged price inertia can arise in a macroeconomic system in which there are temporary price rigidities as well as production lags in the use of intermediate goods. In this context, changes in production demand-generated, say, by changes in the money supply - have long-lasting price and quality effects.

MoreLess

Year of publication:	1996
Authors:	Lindbeck, A. ; Snower, D.J.
Institutions:	Institutet för Näringslivsforskning (IFN)
Subject:	PRICING \| PRODUCTION

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

More details

Series:	Research Institute of Industrial Economics Working Papers.
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	D1 - Household Behavior and Family Economics ; D43 - Oligopoly and Other Forms of Market Imperfection ; D57 - Input-Output Analysis ; E12 - Keynes; Keynesian; Post-Keynesian ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005486489