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State-dependent pricing, firm entry and exit, and non-neutrality of money

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Date

2015-01

Authors

Oikawa, Koki
Ueda, Kozo

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Volume Title

Publisher

Crawford School of Public Policy, The Australian National University

Access Statement

Open Access

Research Projects

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Journal Issue

Abstract

Money is not neutral if firm entry and exit are incorporated into a menu cost model. The real effect of money increases as a firm entry and exit rate increases, and the key is non-uniform firm distribution.

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Citation

URI

https://hdl.handle.net/1885/733743493

Collections

Centre for Applied Macroeconomic Analysis Working Papers (CAMA)

Source

Centre for Applied Macroeconomic Analysis Working Papers

Type

Working/Technical Paper

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Entity type

Publication

Access Statement

Open Access

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Restricted until

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3_2015_oikawa_ueda.pdf (243.27 KB)

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