Heterogeneity and Output Fluctuations in a Dynamic Menu-Cost Economy
收藏NBER1991-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3729
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资源简介：
When firms face menu costs, the relation between their output and money is highly nonlinear. At the aggregate level, however, this needs not be so. In this paper we study the dynamic behavior of a general equilibrium menu-cost economy where firms are heterogeneous in the shocks they perceive, and
提供机构：
美国国家经济研究局
创建时间：
1991-06-01
