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State-Dependent or Time-Dependent Pricing: Does it Matter for Recent U.S. Inflation?

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NBER2005-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11043
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资源简介:
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those price changes). The variance of inflation over time can be decomposed into contributions from each margin. The extensive margin figures
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2005-01-01
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