Is Increased Price Flexibility Stabilizing? Redux
收藏NBER2014-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19886
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资源简介：
We study the implications of increased price flexibility on output volatility. In a simple DSGE model, we show analytically that more flexible prices always amplify output volatility for supply shocks and also amplify output volatility for demand shocks if monetary policy does not respond strongly
提供机构：
美国国家经济研究局
创建时间：
2014-02-01
