Balleer, Almut; Hristov, Nikolay; Menno, Dominik - 2017
This paper investigates how financial market imperfections and the frequency of price adjustment interact. Based on new … which the extensive margin of price adjustment is absent (Rotemberg, 1982) or constant (Calvo, 1983). Hence, the interaction … of financial frictions and the frequency of price adjustment potentially induces important consequences for the …