Showing 1 - 10 of 476,648
Persistent link: https://www.econbiz.de/10000594588
Persistent link: https://www.econbiz.de/10000418973
We implement a tractable state-dependent Calvo price-setting signal dependent on inflation and aggregate competitiveness. This allows us to derive a New Keynesian Phillips Curve (NKPC) expressed in terms of the actual levels of variables - rather than in-deviation from steady stateʺ form - and...
Persistent link: https://www.econbiz.de/10003516714
Persistent link: https://www.econbiz.de/10000576497
A commonly held theory presumes that drug companies in the U.S set prices for patented drugs at profit- maximizing …We apply global public good theory to examine the pricing of branded drugs. To this end, we describe the optimal global …
Persistent link: https://www.econbiz.de/10014287373
Persistent link: https://www.econbiz.de/10000747139
Persistent link: https://www.econbiz.de/10000782200
This paper compares the welfare implications of two widely used pricing assumptions in the New-Keynesian literature: Calvo-pricing vs. Rotemberg-pricing. We show that despite the strong similarities between the two assumptions to a first order of approximation, in general they might entail...
Persistent link: https://www.econbiz.de/10003484199
Persistent link: https://www.econbiz.de/10003669226