Table of Contents

Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations

• Asymmetries in Adjustment Speeds
• Signaling and Rigidities
• Search and Rigidities
• Uncertainty and the Wage- and Price-Setting Process
• Interactions between Asymmetries in Responses and Imperfections in Information
• Concluding Remarks
• Figure 1: Price versus Quantity Adjustment
• Figure 2: Kinked Demand Curves
• References
• Footnotes