The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 985
... sticky - price research . First , concluding that sticky prices are of limited importance because so many goods have flexible prices is incorrect . In our model , even if all nondurable goods prices were flexible , money would continue ...
... sticky - price research . First , concluding that sticky prices are of limited importance because so many goods have flexible prices is incorrect . In our model , even if all nondurable goods prices were flexible , money would continue ...
Página 990
when the durable goods have sticky prices while the nondurable goods have flexible prices . Even though only 25 percent of GDP has sticky prices , the overall qualitative reaction of the model is similar to that seen when all prices were ...
when the durable goods have sticky prices while the nondurable goods have flexible prices . Even though only 25 percent of GDP has sticky prices , the overall qualitative reaction of the model is similar to that seen when all prices were ...
Página 994
Fraction of Sticky Price Goods in GDP ( % ) FIGURE 3. VARIATION IN THE SHARE OF STICKY - PRICE GOODS IN GDP Notes ... prices . The dashed line corresponds to the model with sticky nondurable goods prices . TABLE 1 - SENSITIVITY ...
Fraction of Sticky Price Goods in GDP ( % ) FIGURE 3. VARIATION IN THE SHARE OF STICKY - PRICE GOODS IN GDP Notes ... prices . The dashed line corresponds to the model with sticky nondurable goods prices . TABLE 1 - SENSITIVITY ...
Índice
ALMA COHEN AND LIRAN EINAV | 745 |
MARIA MARTA FERREYRA | 789 |
ALEXANDER W CAPPELEN ASTRI DRANGE HOLE ERIK Ø SØRENSEN | 818 |
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