Relative-Price Changes as Aggregate Supply Shocks
收藏NBER1992-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4168
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资源简介：
This paper proposes a theory of supply shocks, or shifts in the short-run Phillips curve, based on relative-price changes and frictions in nominal price adjustment. When price adjustment is costly, firms adjust to large shocks but not to small shocks, and so large shocks have disproportionate
提供机构：
美国国家经济研究局
创建时间：
1992-09-01
