Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
收藏NBER1996-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5809
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资源简介：
The purpose of this paper is to construct a quantitative equilibrium model with price setting and use it to ask whether staggered price setting can generate persistent output fluctuations following monetary shocks. We construct a business cycle version of a standard sticky price model in which
提供机构：
美国国家经济研究局
创建时间：
1996-10-01
