Are Sticky Prices Costly? Evidence From The Stock Market
收藏NBER2013-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w18860
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资源简介：
We propose a simple framework to assess the costs of nominal price adjustment using stock market returns. We document that, after monetary policy announcements, the conditional volatility rises more for firms with stickier prices than for firms with more flexible prices. This differential reaction
提供机构：
美国国家经济研究局
创建时间：
2013-02-01
