Price Rigidity: Microeconomic Evidence and Macroeconomic Implications
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We review recent evidence on price rigidity from the macroeconomics literature, and discuss how this evidence is used to inform macroeconomic modeling. Sluggish price adjustment is a leading explanation for large effects of demand shocks on output and, in particular, the effects of monetary policy
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美国国家经济研究局创建时间：
2013-01-01
