| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9143 |
| DP9143 Individual Price Adjustment along the Extensive Margin | |
| J David López-Salido; Nicolas Vincent | |
| 发表日期 | 2012-09-23 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Firms employ a rich variety of pricing strategies whose implications for aggregate price dynamics often diverge. This situation poses a challenge for macroeconomists interested in bridging micro and macro price stickiness. In responding to this challenge, we note that differences in macro price stickiness across pricing mechanisms can often be traced back to price changes that are either triggered or cancelled by shocks. We exploit observed micro price behavior to quantify the importance of this margin of adjustment for the response of inflation to shocks. Across a range of empirical exercises, we find strong evidence that changes in the timing of price adjustments contribute significantly to the flexibility of the aggregate price level. |
| 主题 | International Macroeconomics |
| 关键词 | Extensive margin inflation Intensive margin |
| URL | https://cepr.org/publications/dp9143 |
| 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/537978 |
| 推荐引用方式 GB/T 7714 | J David López-Salido,Nicolas Vincent. DP9143 Individual Price Adjustment along the Extensive Margin. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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