Aggregate Pattern of Time-dependent Adjustment Rules, II: Strategic Complementarity and Endogenous Nonsynchronization.

This paper provides an explanation for an important institutional feature of staggered time-dependent adjustment rules assumed in a number of macroeconomic models (Fischer, 1977; taylor, 1980; Blanchard, 1986).

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Year of publication:	1997
Authors:	Paul Lau, S.H.
Institutions:	Research School of Pacific and Asian Studies, College of Asia and the Pacific
Subject:	DECISION MAKING \| PRICES \| WAGES \| ECONOMIC MODELS

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Series:	Australian National University - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	31 pages
Classification:	E30 - Prices, Business Fluctuations, and Cycles. General ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776596