TY  - JOUR
AU  - Romer,David
TI  - Staggered Price Setting with Endogenous Frequency of Adjustment
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3134
PY  - 1989
Y2  - October 1989
UR  - http://www.nber.org/papers/w3134
L1  - http://www.nber.org/papers/w3134.pdf
N1  - Author contact info:
David H. Romer
Department of Economics
University of California, Berkeley
Berkeley, CA 94720-3880
E-Mail: dromer@econ.berkeley.edu
AB  - The classic models of staggered adjustment of Taylor and Blanchard takes the frequency of price or wage adjustment as exogenous. This paper develops a model in which the frequency of price changes in endogenous. It then uses the model to analyze the effects of changes in the parameters of the economy on the frequency of adjustment and the real effects of monetary shocks. 
ER  -