Contracting Costs Versus Menu Costs and Inflation Persistence

Elsewhere, menu costs have been shown to result in more inflation persistence than contracting costs in the presence of real rigidities. This note demonstrates that the reverse is true if the average contract length is endogenous, for plausible parameter values

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Year of publication:	2002
Authors:	Yetman, James
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Preisrigidität \| Price stickiness \| Inflation \| Anpassungskosten \| Adjustment costs \| Kosten \| Costs \| Inflationsrate \| Inflation rate \| Phillips-Kurve \| Phillips curve \| Preismanagement \| Pricing strategy

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