New Pricing Models, Same Old Phillips Curves?
收藏NBER2022-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30264
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资源简介：
We show that, in a broad class of menu cost models, the first-order dynamics of aggregate inflation in response to arbitrary shocks to aggregate costs are nearly the same as in Calvo models with suitably chosen Calvo adjustment frequencies. We first prove that the canonical menu cost model is first
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美国国家经济研究局创建时间：
2022-07-01
