Asymmetric Price Adjustment and Economic Fluctuations
收藏NBER1992-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4089
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This paper considers a possible explanation for asymmetric adjustment of nominal prices. We present a menu-cost model in which positive trend inflation causes firms' relative prices to decline automatically between price adjustments. In this environment, shocks that raise firms' desired prices
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美国国家经济研究局创建时间：
1992-06-01
