Devereux, Michael B. (contributor); … - 2004 - [Electronische Ressource]
State Dependent Pricing and Business Cycle Asymmetries
by
Michael B. Devereux and Henry E. Siu
APRIL 2004
Discussion …://www.econ.ubc.ca
STATE DEPENDENT PRICING AND BUSINESS CYCLE
ASYMMETRIES
MICHAEL B. DEVEREUX AND HENRY E. SIU
Abstract. We present a tractable … models. In addi-
tion, our state-dependent pricing model can account for business cycle
asymmetries in output found in …