Devereux, Michael B. (contributor); … - 2004 - [Electronische Ressource]
arises from a strategic linkage between flrms in price adjustment
incentives. With a positive marginal cost shock, prices are … a positive mar-
ginal cost shock, prices are strategic complements: a flrm has more incentive
to increase its price when … other flrms increase theirs. But for a negative
shock, prices are strategic substitutes: a flrm has less incentive to lower …