{"id":"https://openalex.org/W2117386010","doi":"https://doi.org/10.3386/w4089","title":"Asymmetric Price Adjustment and Economic Fluctuations","display_name":"Asymmetric Price Adjustment and Economic Fluctuations","publication_year":1992,"publication_date":"1992-06-01","ids":{"openalex":"https://openalex.org/W2117386010","doi":"https://doi.org/10.3386/w4089","mag":"2117386010"},"language":"en","primary_location":{"id":"doi:10.3386/w4089","doi":"https://doi.org/10.3386/w4089","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4089","pdf_url":"https://doi.org/10.3386/w4089","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"volume":null,"type":"report","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.3386/w4089","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5041112681","display_name":"Laurence M. Ball","orcid":"https://orcid.org/0000-0002-0092-388X","observed_orcids":["https://orcid.org/0000-0002-0092-388X"]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]},{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I145311948","display_name":"Johns Hopkins University","ror":"https://ror.org/00za53h95","country_code":"US","type":"education","lineage":["https://openalex.org/I145311948"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Laurence Ball","raw_affiliation_strings":["International Monetary Fund (IMF)","National Bureau of Economic Research (NBER)","Johns Hopkins University - Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund (IMF)","institution_ids":["https://openalex.org/I1310145890"]},{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Johns Hopkins University - Department of Economics","institution_ids":["https://openalex.org/I145311948"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026481307","display_name":"N. Gregory Mankiw","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I136199984","display_name":"Harvard University","ror":"https://ror.org/03vek6s52","country_code":"US","type":"education","lineage":["https://openalex.org/I136199984"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"N. Gregory Mankiw","raw_affiliation_strings":["National Bureau of Economic Research (NBER)","Harvard University - Department of Economics"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"National Bureau of Economic Research (NBER)","institution_ids":["https://openalex.org/I1321305853"]},{"raw_affiliation_string":"Harvard University - Department of Economics","institution_ids":["https://openalex.org/I136199984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":143,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.006200000178068876,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/asymmetric-pricing","display_name":"asymmetric price adjustment","score":0.9950000047683716},{"id":"https://openalex.org/keywords/nominal-price-rigidity","display_name":"nominal price rigidity","score":0.722000002861023},{"id":"https://openalex.org/keywords/menu-costs","display_name":"menu costs","score":0.9580000042915344},{"id":"https://openalex.org/keywords/trend-inflation","display_name":"trend inflation","score":0.734000027179718},{"id":"https://openalex.org/keywords/relative-prices","display_name":"relative prices","score":0.7490000128746033},{"id":"https://openalex.org/keywords/aggregate-demand","display_name":"aggregate demand","score":0.6320000290870667},{"id":"https://openalex.org/keywords/sectoral-shocks","display_name":"sectoral shocks","score":0.9990000128746033},{"id":"https://openalex.org/keywords/optimal-inflation-rate","display_name":"optimal inflation rate","score":0.9070000052452087},{"id":"https://openalex.org/keywords/business-cycles","display_name":"business cycles","score":0.6190000176429749}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6268032789230347},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.44146206974983215},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3322297930717468},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.3204856216907501}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3386/w4089","doi":"https://doi.org/10.3386/w4089","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4089","pdf_url":"https://doi.org/10.3386/w4089","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"}],"best_oa_location":{"id":"doi:10.3386/w4089","doi":"https://doi.org/10.3386/w4089","is_oa":true,"landing_page_url":"https://doi.org/10.3386/w4089","pdf_url":"https://doi.org/10.3386/w4089","source":{"id":"https://openalex.org/S2809516038","display_name":"National Bureau of Economic Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":["https://openalex.org/P4322614461"],"host_organization_lineage_names":["National Bureau of Economic Research"],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"National Bureau of Economic Research","raw_type":"report"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.6700000166893005,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2117386010.pdf"},"referenced_works_count":15,"referenced_works":["https://openalex.org/W1485189559","https://openalex.org/W1574015943","https://openalex.org/W1966839091","https://openalex.org/W1978481286","https://openalex.org/W1986023684","https://openalex.org/W2008402829","https://openalex.org/W2043576832","https://openalex.org/W2052030765","https://openalex.org/W2060098596","https://openalex.org/W2061044658","https://openalex.org/W2078686744","https://openalex.org/W2098489791","https://openalex.org/W2104914254","https://openalex.org/W2147379542","https://openalex.org/W2891404260"],"related_works":["https://openalex.org/W2042055083","https://openalex.org/W2010915609","https://openalex.org/W1592810168","https://openalex.org/W2055196980","https://openalex.org/W1533538566","https://openalex.org/W3124457978","https://openalex.org/W1994750005","https://openalex.org/W2157117676","https://openalex.org/W1503162690","https://openalex.org/W2033628860"],"abstract_inverted_index":{"This":[0],"paper":[1],"considers":[2],"a":[3,14],"possible":[4],"explanation":[5],"for":[6],"asymmetric":[7,56],"adjustment":[8,57],"of":[9,55,66,71,78],"nominal":[10],"prices.":[11,50],"We":[12,51],"present":[13],"menu-cost":[15],"model":[16,54],"in":[17,62],"which":[18],"positive":[19],"trend":[20],"inflation":[21],"causes":[22],"firms'":[23,38],"relative":[24],"prices":[25,40],"to":[26,58],"decline":[27],"automatically":[28],"between":[29],"price":[30,43],"adjustments.":[31],"In":[32],"this":[33,53],"environment,":[34],"shocks":[35,46],"that":[36,47],"raise":[37],"desired":[39,49],"trigger":[41],"larger":[42],"responses":[44],"than":[45],"lower":[48],"use":[52],"address":[59],"three":[60],"issues":[61],"macroeconomics:":[63],"the":[64,69,75],"effects":[65,70],"aggregate":[67],"demand,":[68],"sectoral":[72],"shocks,":[73],"and":[74],"optimal":[76],"rate":[77],"inflation.":[79]},"counts_by_year":[{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":6},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":3},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":9},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}
