Price Rigidities, Asymmetries, and Output Fluctuations
收藏NBER1992-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4091
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资源简介：
In this paper we characterize the average response of output to aggregate demand shocks in an economy where individual firms follow state-dependent pricing rules. We find that: (i) the average response of output to aggregate demand shocks decreases with core inflation and varies non-monotonically
提供机构：
美国国家经济研究局
创建时间：
1992-06-01
