| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w10617 |
| 来源ID | Working Paper 10617 |
| Evaluating the Calvo Model of Sticky Prices | |
| Martin Eichenbaum; Jonas D.M. Fisher | |
| 发表日期 | 2004-07-19 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Can variants of the classic Calvo (1983) model of sticky prices account for the statistical behavior of post-war US inflation? We develop and test versions of the model for which the answer to this question is yes. We then investigate whether these models imply plausible degrees of inertia in price setting behavior by firms. We find that they do, but only if we depart from two auxiliary assumptions made in standard expositions of the Calvo model. These assumptions are that monopolistically competitive firms face a constant elasticity of demand and capital can be instantaneously reallocated after a shock. When we modify these assumptions our model is consistent with the view that firms re-optimize prices |
| 主题 | Macroeconomics ; Macroeconomic Models |
| URL | https://www.nber.org/papers/w10617 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/568248 |
| 推荐引用方式 GB/T 7714 | Martin Eichenbaum,Jonas D.M. Fisher. Evaluating the Calvo Model of Sticky Prices. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w10617.pdf（407KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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