booms and recessions. The conclusion is that first type of asymmetry can be attributed to the asymmetry in adjustment bands …, while the second kind of asymmetry is a result of firm heterogeneity, and asymmetry of (S,s) bands does not contribute to it. …

of tails. I use numerical simulations with four-state shocks to detect the link between the present asymmetry in pricing … on the micro level and asymmetry in aggregate output movements. This paper investigates whether the asymmetry on firm … level can result in asymmetry on the macro level and what is the role of heterogeneity of agents in the process. It looks at …

booms and recessions. The conclusion is that first type of asymmetry can be attributed to the asymmetry in adjustment bands …, while the second kind of asymmetry is a result of firm heterogeneity, and asymmetry of (S,s) bands does not contribute to it. …

This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried … conclude that the first type of asymmetry can be attributed to the differences in adjustment bands and that heterogeneity … softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself. …

This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried … conclude that the first type of asymmetry can be attributed to the differences in adjustment bands and that heterogeneity … softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself. …

of tails. I use numerical simulations with four-state shocks to detect the link between the present asymmetry in pricing … on the micro level and asymmetry in aggregate output movements. This paper investigates whether the asymmetry on firm … level can result in asymmetry on the macro level and what is the role of heterogeneity of agents in the process. It looks at …