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Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

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NBER2013-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18705
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资源简介:
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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2013-01-01
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