Levy, Daniel - In: Managerial and Decision Economics 28 (2007) 6 (Special Issue - Price Rigidity and Flexibility: Recent Theoretical Developments), pp. 523-530
microeconomics and industrial organization, as well as in macroeconomics and monetary economics. In microeconomics, managerial … economics, and industrial organization, economists focus on the price system efficiency. In macroeconomics and monetary … economics, economists focus on the extent to which nominal prices fail to adjust to changes in market conditions. Nominal price …