A Sticky-Price View of Hoarding
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https://www.nber.org/papers/w27051
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资源简介：
We show that sticky prices exacerbate household hoarding of storable goods. When stores are slow to adjust prices following a cost shock, households have an incentive to stockpile just as in a typical retail sale. This incentive is present even in the absence of traditional panic or precautionary
提供机构：
美国国家经济研究局
创建时间：
2020-04-01
