| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w11034 |
| 来源ID | Working Paper 11034 |
| Firm-Specific Capital, Nominal Rigidities and the Business Cycle | |
| David Altig; Lawrence Christiano; Martin Eichenbaum; Jesper Linde | |
| 发表日期 | 2005-01-10 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. 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 | Macroeconomics ; Business Cycles ; Money and Interest Rates ; Monetary Policy |
| URL | https://www.nber.org/papers/w11034 |
| 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/568669 |
| 推荐引用方式 GB/T 7714 | David Altig,Lawrence Christiano,Martin Eichenbaum,et al. Firm-Specific Capital, Nominal Rigidities and the Business Cycle. 2005. |
| 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 | ||
| w11034.pdf（871KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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