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Firm-Specific Capital, Nominal Rigidities and the Business Cycle

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NBER2005-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11034
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资源简介:
Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro - macro conflict. Our model
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2005-01-01
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