Sentence examples for price rigidity from inspiring English sources

Third, import price rigidity has increased by ten percentage points, with increasing rigidity in differentiated goods prices.

Many capable economists believe that by causing wage and price rigidity, the New Deal actually prolonged the Depression.

The other inflation-related issue is downward nominal wage rigidity, and to some extent downward nominal price rigidity.

"Asymmetric Price Rigidity and Inflationary Bias," American Economic Review, 73 (June 1983): 373-382.

Rotemberg and Saloner (1987) explain price rigidity by formulating the menu costs theory.

(Recall that the degree of wage and price rigidity determines the speed of adjustment of the economy to macroeconomic shocks and with it the scale of the adjustment costs).

This suggests that price rigidities cannot fully explain this phenomenon.

But as Mr Krugman notes wage and price rigidities are probably playing a role.

Topics include international trade, tariffs and quotas, price rigidities, finite-horizon dynamics, infinite-horizon dynamics, externalities, nonconvexities, imperfect competition, and incomplete asset markets.

The traditional Keynesian view in which permanent depression is possible is more right than the New Keynesian approach in which unemployment is attributed only to temporary price rigidities.

Such weighting tends to yield results consistent with a greater flexibility of online markets: price rigidities decline, cross-sectional price dispersion falls, and the synchronization of price changes increases.