Relative-Price Changes as Aggregate Supply Shocks Revisited: Theory and Evidence
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https://www.nber.org/papers/w32816
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资源简介：
We provide theory and evidence that relative price shocks can cause aggregate inflation and act as aggregate supply shocks. Empirically, we show that exogenous positive energy price shocks have a positive impact not only on headline but also on U.S. core inflation while depressing U.S. real activity
提供机构：
美国国家经济研究局
创建时间：
2024-08-01
