| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18213 |
| 来源ID | Working Paper 18213 |
| Individual Price Adjustment along the Extensive Margin | |
| Etienne Gagnon; David López-Salido; Nicolas Vincent | |
| 发表日期 | 2012-07-13 |
| 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 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w18213 |
| 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/575889 |
| 推荐引用方式 GB/T 7714 | Etienne Gagnon,David López-Salido,Nicolas Vincent. Individual Price Adjustment along the Extensive Margin. 2012. |
| 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 | ||
| w18213.pdf（516KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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