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FLEXIBLE-PRICE ECONOMY [2 records]
Record 1 - internal organization data 2011-12-14
Record 1, English
Record 1, Subject field(s)
- Economic Fluctuations
Record 1, Main entry term, English
- flexible-price economy
1, record 1, English, flexible%2Dprice%20economy
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
The only way in which a sticky-price economy differs from a flexible-price economy is that the markup of price over marginal cost is variable. With flexible prices, firms would set a constant and time-invariant markup (because of the constant elasticity of substitution utility function). 1, record 1, English, - flexible%2Dprice%20economy
Record number: 1, Textual support number: 1 OBS
A monetary rule that stabilizes the markup replicates the flexible-price economy. 1, record 1, English, - flexible%2Dprice%20economy
Record 1, Key term(s)
- flexible price economy
Record 1, French
Record 1, Domaine(s)
- Fluctuations économiques
Record 1, Main entry term, French
- économie à prix flexibles
1, record 1, French, %C3%A9conomie%20%C3%A0%20prix%20flexibles
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
Une économie à prix rigides ne se distingue d'une économie à prix flexibles que par le fait que le taux de marge est variable. En effet, si les prix sont flexibles, le taux de marge ne varie pas dans le temps, puisque la fonction d'utilité a une élasticité de substitution constante. 1, record 1, French, - %C3%A9conomie%20%C3%A0%20prix%20flexibles
Record number: 1, Textual support number: 1 OBS
Une règle de politique monétaire qui stabilise les taux de marge donne les mêmes résultats que si les prix étaient flexibles. 1, record 1, French, - %C3%A9conomie%20%C3%A0%20prix%20flexibles
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 2010-04-27
Record 2, English
Record 2, Subject field(s)
- Economic Fluctuations
Record 2, Main entry term, English
- flexible-price economy
1, record 2, English, flexible%2Dprice%20economy
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
Record 2, Key term(s)
- flexible price economy
Record 2, French
Record 2, Domaine(s)
- Fluctuations économiques
Record 2, Main entry term, French
- économie à prix flexibles
1, record 2, French, %C3%A9conomie%20%C3%A0%20prix%20flexibles
correct, feminine noun
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record 2, Spanish
Record 2, Textual support, Spanish
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