Small and Large Price Changes and the Propagation of Monetary Shocks
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20155
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资源简介：
We document the presence of both small and large price changes in individual price records from the CPI in France and the US. After correcting for measurement error and cross-section heterogeneity, the size-distribution of price changes has a positive excess kurtosis. We propose an analytical menu
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
