Non-Linear Inflation Dynamics in Menu Cost Economies
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https://www.nber.org/papers/w32094
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资源简介：
Canonical menu cost models, when parameterized to match the micro-price data, cannot reproduce the extent to which the fraction of price changes increases with inflation. They also predict implausibly large menu costs and misallocation in the presence of strategic complementarities. We resolve these
提供机构：
美国国家经济研究局
创建时间：
2024-01-01
