Price Stickiness in Ss Models: New Interpretations of Old Results
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https://www.nber.org/papers/w12945
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What is the relation between infrequent price adjustment and the dynamic response of the aggregate price level to monetary shocks? The answer to this question ranges from a one-to-one link (Calvo, 1983) to no connection whatsoever (Caplin and Spulber, 1987). The purpose of this paper is to provide a
提供机构:
美国国家经济研究局
创建时间:
2007-03-01



