Reviving Micro Real Rigidities: The Importance of Demand Shocks
收藏NBER2024-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32518
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资源简介：
We revisit micro real rigidities as a source of monetary non-neutrality in a menu-cost model with variable markups, using firm-level evidence to pin down key primitives. We embed a non-CES demand system in a quantitative monetary model and use firm-dynamics evidence to identify demand curvature and
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
