A Note on Price Asymmetry Using a Monetary Model

Autores
Schiaffino, Pablo; Pinasco, Juan Pablo
Año de publicación
2014
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
In this paper we present a macroeconomic foundation of downward money price inflexibility based on classical Monetary Economics. We show that under the principle of risk aversion and the neutral money axiom, our model derives an endogenous asymmetric price response as prices adjust more rapidly when they go upward than downward. This asymmetry does not disappear; on the contrary, it is increasing in time.
Fil: Schiaffino, Pablo. Universidad de Palermo; Argentina
Fil: Pinasco, Juan Pablo. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Ciudad Universitaria. Instituto de Investigaciones Matemáticas "Luis A. Santalo". Universidad de Buenos Aires. Facultad de Ciencias Exactas y Naturales. Instituto de Investigaciones Matemáticas "Luis A. Santalo"; Argentina
Materia
Price Asymmetry
Sticky Prices
Monetary Model
Classical Economics
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/18735
Acceder
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network_name_str CONICET Digital (CONICET)
spelling A Note on Price Asymmetry Using a Monetary ModelSchiaffino, PabloPinasco, Juan PabloPrice AsymmetrySticky PricesMonetary ModelClassical Economicshttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5In this paper we present a macroeconomic foundation of downward money price inflexibility based on classical Monetary Economics. We show that under the principle of risk aversion and the neutral money axiom, our model derives an endogenous asymmetric price response as prices adjust more rapidly when they go upward than downward. This asymmetry does not disappear; on the contrary, it is increasing in time.Fil: Schiaffino, Pablo. Universidad de Palermo; ArgentinaFil: Pinasco, Juan Pablo. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Ciudad Universitaria. Instituto de Investigaciones Matemáticas "Luis A. Santalo". Universidad de Buenos Aires. Facultad de Ciencias Exactas y Naturales. Instituto de Investigaciones Matemáticas "Luis A. Santalo"; ArgentinaScientific Research Publishing2014-10info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/18735Schiaffino, Pablo; Pinasco, Juan Pablo; A Note on Price Asymmetry Using a Monetary Model; Scientific Research Publishing; Theoretical Economics Letters; 4; 8; 10-2014; 697-7012162-2078CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/doi/ 10.4236/tel.2014.48088info:eu-repo/semantics/altIdentifier/url/http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50727info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T10:47:15Zoai:ri.conicet.gov.ar:11336/18735instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 10:47:15.697CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv A Note on Price Asymmetry Using a Monetary Model
title A Note on Price Asymmetry Using a Monetary Model
spellingShingle A Note on Price Asymmetry Using a Monetary Model
Schiaffino, Pablo
Price Asymmetry
Sticky Prices
Monetary Model
Classical Economics
title_short A Note on Price Asymmetry Using a Monetary Model
title_full A Note on Price Asymmetry Using a Monetary Model
title_fullStr A Note on Price Asymmetry Using a Monetary Model
title_full_unstemmed A Note on Price Asymmetry Using a Monetary Model
title_sort A Note on Price Asymmetry Using a Monetary Model
dc.creator.none.fl_str_mv Schiaffino, Pablo
Pinasco, Juan Pablo
author Schiaffino, Pablo
author_facet Schiaffino, Pablo
Pinasco, Juan Pablo
author_role author
author2 Pinasco, Juan Pablo
author2_role author
dc.subject.none.fl_str_mv Price Asymmetry
Sticky Prices
Monetary Model
Classical Economics
topic Price Asymmetry
Sticky Prices
Monetary Model
Classical Economics
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv In this paper we present a macroeconomic foundation of downward money price inflexibility based on classical Monetary Economics. We show that under the principle of risk aversion and the neutral money axiom, our model derives an endogenous asymmetric price response as prices adjust more rapidly when they go upward than downward. This asymmetry does not disappear; on the contrary, it is increasing in time.
Fil: Schiaffino, Pablo. Universidad de Palermo; Argentina
Fil: Pinasco, Juan Pablo. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Ciudad Universitaria. Instituto de Investigaciones Matemáticas "Luis A. Santalo". Universidad de Buenos Aires. Facultad de Ciencias Exactas y Naturales. Instituto de Investigaciones Matemáticas "Luis A. Santalo"; Argentina
description In this paper we present a macroeconomic foundation of downward money price inflexibility based on classical Monetary Economics. We show that under the principle of risk aversion and the neutral money axiom, our model derives an endogenous asymmetric price response as prices adjust more rapidly when they go upward than downward. This asymmetry does not disappear; on the contrary, it is increasing in time.
publishDate 2014
dc.date.none.fl_str_mv 2014-10
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/18735
Schiaffino, Pablo; Pinasco, Juan Pablo; A Note on Price Asymmetry Using a Monetary Model; Scientific Research Publishing; Theoretical Economics Letters; 4; 8; 10-2014; 697-701
2162-2078
CONICET Digital
CONICET
url http://hdl.handle.net/11336/18735
identifier_str_mv Schiaffino, Pablo; Pinasco, Juan Pablo; A Note on Price Asymmetry Using a Monetary Model; Scientific Research Publishing; Theoretical Economics Letters; 4; 8; 10-2014; 697-701
2162-2078
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/doi/ 10.4236/tel.2014.48088
info:eu-repo/semantics/altIdentifier/url/http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50727
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Scientific Research Publishing
publisher.none.fl_str_mv Scientific Research Publishing
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.070432

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