Nonlinear Dynamics in Menu Cost Economies? Evidence from U.S. Data
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https://www.nber.org/papers/w32748
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资源简介：
We show that standard menu cost models cannot simultaneously reproduce the dispersion in the size of micro-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the Golosov and Lucas (2007) model generates fluctuations in the
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
