Output and inflation in a flexprice-fixprice economy

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Titel: Output and inflation in a flexprice-fixprice economy
Författare: Hämäläinen, Timo
Institution: Bank of Finland
Avdelning / Enhet: Suomen Pankin Kansantaloudellinen osasto
Bank of Finland Economics Department
Serie: Keskustelualoitteita. Discussion Papers
Serienumber: 5/1979
Utgivningsår: 1979
Utgivningsdatum: 15.4.1979
Sidor: 30
Subject (yso): inflaatio; ulkomaankauppa; hinnat; kysyntä
Nyckelord: keskustelualoitteita; Suomi
Abstrakt: 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.
Licens: https://helda.helsinki.fi/bof/copyright

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