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Microeconomic Rigidities and Aggregate Price Dynamics

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NBER1992-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4162
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This paper is an attempt to enrich the characterization of the sluggish behavior of the aggregate price level. Our contribution to this vast literature is to explicitly consider microeconomic heterogeneity and its interaction with nonlinear microeconomic price adjustment policies. The model we
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1992-09-01
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