A Kinked-Demand Theory of Price Rigidity Kinked-Demand Theory of Price Rigidity Stéphane Dupraz∗ Columbia University May 12, 2017 Abstract I provide a microfounded theory for one
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A Kinked-Demand Theory of Price Rigidity...A Kinked-Demand Theory of Price Rigidity Stéphane Dupraz∗ Columbia University November 12, 2016 (JOB MARKET PAPER) Abstract I provide
Kinked Demand Curves, the Natural Rate Hypothesis and .../media/files/publicat/... · the kinked demand curves dampen the increase in price-adjusting firms’ markups induced by