Babutsidze, Zakaria - United Nations University-Maastricht Economic Research … - 2006
level can result in asymmetry on the macro level and what is the role of heterogeneity of agents in the process. It looks at … extent the first type of asymmetry can be attributed to the asymmetry of adjustment bands and that heterogeneity softens the … effect, but the second type of asymmetry is the result of (S,s) pricing behaviour of firms, thus of heterogeneity itself. …