Output and inflation in a flexprice-fixprice economy

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Title: Output and inflation in a flexprice-fixprice economy
Author: Hämäläinen, Timo
Organization: Bank of Finland
Department / Unit: Suomen Pankin Kansantalouden osasto
Bank of Finland Economics Department
Series: Keskustelualoitteita. Discussion Papers
Series number: 5/1979
Year of publication: 1979
Publication date: 15.4.1979
Pages: 30
Subject (yso): inflaatio; ulkomaankauppa; hinnat; kysyntä
Keywords: keskustelualoitteita; Suomi
Abstract: The purpose of this essay is to explain inflation and output using a disaggregated model in which both classical or Marshallian price adjustment and Keynesian price rigidity are present in the goods market. The model can also be used in an open economy context employing the distinction between traded and non-traded goods.
Rights: https://helda.helsinki.fi/bof/copyright


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