Inflation Announcements and Social Dynamics
收藏NBER2014-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20161
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资源简介：
We propose a new framework for understanding the effectiveness of central bank announcements when firms have heterogeneous inflation expectations. Expectations are updated through social dynamics and, with heterogeneity, not all firms choose to operate, putting downward pressure on realized
提供机构：
美国国家经济研究局
创建时间：
2014-05-01
