Price Rigidity and the Origins of Aggregate Fluctuations
收藏NBER2017-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23750
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资源简介：
We document a novel role of heterogeneity in price rigidity: It strongly amplifies the capacity of idiosyncratic shocks to drive aggregate fluctuations. Heterogeneity in price rigidity also completely changes the identity of sectors from which fluctuations originate. We show these results both
提供机构：
美国国家经济研究局
创建时间：
2017-09-01
