| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4845 |
| DP4845 Granger Causality of the Inflation-Growth Mirror in Accession Countries | |
| Max Gillman; Anton Nakov | |
| 发表日期 | 2005-01-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Macroeconomic and microeconomic data paint conflicting pictures of price behaviour. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model that resolves this apparent micro/macro conflict. Our model is consistent with post-war US evidence on inflation inertia even though firms re-optimize prices on average once every 1.5 quarters. The key feature of our model is that capital is firm-specific and pre-determined within a period. |
| 主题 | International Macroeconomics |
| URL | https://cepr.org/publications/dp4845 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533753 |
| 推荐引用方式 GB/T 7714 | Max Gillman,Anton Nakov. DP4845 Granger Causality of the Inflation-Growth Mirror in Accession Countries. 2005. |
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