scholarly journals Price Setting Frequency and the Phillips Curve

2022 ◽  
Author(s):  
Emanuel Gasteiger ◽  
Alex Grimaud
Keyword(s):  
Phillips Curve ◽  
Price Setting

scholarly journals A STICKY–DISPERSED INFORMATION PHILLIPS CURVE: A MODEL WITH PARTIAL AND DELAYED INFORMATION

2018 ◽  
Vol 24 (4) ◽  
pp. 747-773
Author(s):  
Marta B. M. Areosa ◽  
Waldyr D. Areosa ◽  
Vinicius Carrasco
Keyword(s):  
Standard Model ◽  
Phillips Curve ◽  
The State ◽  
Price Setting ◽  
Unique Equilibrium ◽  
Sticky Information ◽  
Pricing Decisions ◽  
Delayed Information ◽  
Main Effect ◽  
Noisy Signals

We study the interaction between dispersed and sticky information by assuming that firms receive private noisy signals about the state in an otherwise standard model of price setting with sticky information. We compute the unique equilibrium of the game induced by the firms’ pricing decisions and derive the resulting Phillips curve. The main effect of dispersion is to magnify the immediate impact of a given shock when the degree of stickiness is small. Its effect on persistence is minor: even when information is largely dispersed, a substantial amount of informational stickiness is needed to generate persistence in aggregate prices and inflation.

scholarly journals Near-Rational Wage and Price Setting and the Long-Run Phillips Curve

2000 ◽  
Vol 2000 (1) ◽  
pp. 1-44 ◽  
Author(s):  
George A. Akerlof ◽  
William T. Dickens ◽  
George L. Perry
Keyword(s):  
Phillips Curve ◽  
Price Setting ◽  
Long Run

Price-Setting and Information Frictions

2020 ◽  
pp. 83-102
Author(s):  
Harold L. Cole
Keyword(s):  
Phillips Curve ◽  
New Keynesian ◽  
Price Setting ◽  
Information Frictions

This chapters shows how to construct a New Keynesian by changing the timing of monetary injections and imposing an information friction. We show the model implies an expectational Phillips Curve. We then discuss how to simulate our model on the computer.

scholarly journals Price Setting Frequency and the Phillips Curve

2020 ◽  
Author(s):  
Alex Grimaud ◽  
Emanuel Gasteiger
Keyword(s):  
Phillips Curve ◽  
Price Setting

Contract Growing for the Export-oriented Cut Flowers Industry in Turkey

HortScience ◽  
1998 ◽  
Vol 33 (3) ◽  
pp. 531a-531 ◽  
Author(s):  
Robin G. Brumfield ◽  
Burhan Ozkan ◽  
Osman Karagüzel
Keyword(s):  
Performance Indicators ◽  
Price Setting ◽  
Production Structure ◽  
Cut Flower ◽  
Cut Flowers ◽  
Product Price ◽  
Plant Materials ◽  
Flower Production ◽  
Specific Performance ◽  
Insight Into

Thirty cut flower businesses were surveyed in 1997 to examine the production structure and main problems of export-oriented contract growing in Turkey. The survey was conducted in Antalya province, which is the center of export-oriented cut flower production in Turkey. The results of the research provided insight into how Turkish cut flower-contracted growers were managing some of the key areas of their operations. The study also provided the opportunity for growers to highlight their concerns about contract growing for export-oriented cut flower production. The survey showed that contract growers do not use specific performance indicators relevant to cut flower production. The product price received by the contract growers was determined by the export companies. These export companies receive flowers from growers mainly on consignment. After exporting the products, exporters periodically pay the grower, subtracting a commission for their services and other marketing expenses. Contract growers are essentially price takers in the transactions. The business procedure from production to price setting and marketing was not in the hands of the contract growers. Therefore, the trading risks are essentially borne by the contract growers. The main concerns raised by contract growers were the current consignment system, cost of the plant materials, and the late payment for the sold products.

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