G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w17520
来源IDWorking Paper 17520
Sticky Prices: A New Monetarist Approach
Allen Head; Lucy Qian Liu; Guido Menzio; Randall Wright
发表日期2011-10-20
出版年2011
语种英语
摘要Why do some sellers set nominal prices that apparently do not respond to changes in the aggregate price level? In many models, prices are sticky by assumption; here it is a result. We use search theory, with two consequences: prices are set in dollars, since money is the medium of exchange; and equilibrium implies a nondegenerate price distribution. When the money supply increases, some sellers may keep prices constant, earning less per unit but making it up on volume, so profit stays constant. The calibrated model matches price-change data well. But, in contrast with other sticky-price models, money is neutral.
主题Macroeconomics
URLhttps://www.nber.org/papers/w17520
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/575195
推荐引用方式
GB/T 7714
Allen Head,Lucy Qian Liu,Guido Menzio,et al. Sticky Prices: A New Monetarist Approach. 2011.
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
w17520.pdf(424KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Allen Head]的文章
[Lucy Qian Liu]的文章
[Guido Menzio]的文章
百度学术
百度学术中相似的文章
[Allen Head]的文章
[Lucy Qian Liu]的文章
[Guido Menzio]的文章
必应学术
必应学术中相似的文章
[Allen Head]的文章
[Lucy Qian Liu]的文章
[Guido Menzio]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w17520.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。