Do Flexible Durable Goods Prices Undermine Sticky Price Models?
收藏NBER2003-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9832
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Multi-sector sticky price models have surprising implications when durable goods have flexible prices. While in actual data the production of virtually all durables exhibits strong negative responses to monetary contractions, in dynamic general equilibrium models a monetary contraction causes the
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美国国家经济研究局创建时间：
2003-07-01
