Fabiani, Silvia; Druant, Martine; Hernando, Ignacio; … - 2005
different business cycle
conditions.
8
The structure of the paper follows the different stages of the price setting process … assume time-varying mark-ups, with important
implications for business cycle fluctuations. See sections 8 and 9 in Rotemberg … nature of this market, as a lot of business is made via public tenders and direct negotiations with
customers.
22
See pp …