Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data
收藏NBER2007-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12824
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资源简介：
This paper disentangles fluctuations in disaggregated prices due to macroeconomic and sectoral conditions using a factor-augmented vector autoregression estimated on a large data set. On the basis of this estimation, we establish eight facts: (1) Macroeconomic shocks explain only about 15% of
提供机构：
美国国家经济研究局
创建时间：
2007-01-01
