Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.

Levy, Daniel (2007): Discussion of "Inflation and Relative Price Asymmetry" by Ratfai, A.

Abstract

This is a discussion of Ratfai (2007), presented at the 2007 Macroeconomics Workshop of the Rimini Center for Economic Analysis on "The Macroeconomics of Price Setting," May 10-11, 2007, University of Bologna, Rimini, Italy.

• Item Type: MPRA Paper
• Institution: Bar-Ilan University
• Language: English
• Keywords: Price rigidity and flexibility; Menu cost; Cost of price adjustment; Nominal rigidity; Intrinsic rigidity; Extrinsic rigidity; Common component; Idiosyncratic shock; Frequency of price changes; Asymmetric menu cost; Asymmetric price adjustment; Price change trigger; Heterogeneity; Lumpiness; Lumpy Price Adjustment; Asymmetry; Relative Price Asymmetry; Skewness; SVAR
• Subjects: L - Industrial Organization > L8 - Industry Studies: Services > L81 - Retail and Wholesale Trade ; e-Commerce; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General; L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L16 - Industrial Organization and Macroeconomics: Industrial Structure and Structural Change ; Industrial Price Indices; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M10 - General; D - Microeconomics > D4 - Market Structure, Pricing, and Design > D42 - Monopoly; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M3 - Marketing and Advertising > M31 - Marketing; D - Microeconomics > D4 - Market Structure, Pricing, and Design > D40 - General; D - Microeconomics > D4 - Market Structure, Pricing, and Design; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M21 - Business Economics; E - Macroeconomics and Monetary Economics > E1 - General Aggregative Models > E12 - Keynes ; Keynesian ; Post-Keynesian

References

Ratfai, A., "Inflation and Relative Price Asymmetry," manuscript.