| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6547 |
| DP6547 The Resource Curse: A Corporate Transparency Channel | |
| Sergei Guriev; Art Durnev | |
| 发表日期 | 2007-10-26 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Pricing complementarities play a key role in determining the propagation of monetary disturbances in sticky price models. We propose a procedure to infer the degree of firm-level pricing complementarities in the context of a menu cost model of price adjustment using data on prices and market shares at the level of individual varieties. We then apply this procedure by calibrating our model (in which pricing complementarities are based on decreasing returns to scale at the variety level) using scanner data from a large grocery chain. Our data is consistent with moderately strong levels of firm-level pricing complementarities, but they appear too weak to generate much larger aggregate real effects from nominal shocks than a model without these pricing complementarities. |
| 主题 | International Macroeconomics |
| 关键词 | Menu costs Nominal rigidities Pricing complementarities |
| URL | https://cepr.org/publications/dp6547 |
| 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/535386 |
| 推荐引用方式 GB/T 7714 | Sergei Guriev,Art Durnev. DP6547 The Resource Curse: A Corporate Transparency Channel. 2007. |
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