| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11012 |
| 来源ID | Working Paper 11012 |
| The Macroeconomics of Subsistence Points | |
| Morten O. Ravn; Stephanie Schmitt-Grohe; Martin Uribe | |
| 发表日期 | 2004-12-27 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence. |
| 主题 | Microeconomics ; Households and Firms ; Market Structure and Distribution ; Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w11012 |
| 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/568647 |
| 推荐引用方式 GB/T 7714 | Morten O. Ravn,Stephanie Schmitt-Grohe,Martin Uribe. The Macroeconomics of Subsistence Points. 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 | ||
| w11012.pdf（216KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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