| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w22356
|
| 来源ID | Working Paper 22356
|
| The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics |
| John B. Taylor
|
| 发表日期 | 2016-06-20
|
| 出版年 | 2016
|
| 语种 | 英语
|
| 摘要 | After many years, many critiques, and many variations, the staggered wage and price setting model is still the most common method of incorporating nominal rigidities into empirical macroeconomic models used for policy analysis. The aim of this chapter is to examine and reassess the staggered wage and price setting model. The chapter updates and expands on my chapter in the 1999 Handbook of Macroeconomics which reviewed key papers that had already spawned a vast literature. It is meant to be both a survey and user-friendly exposition organized around a simple “canonical” model. It provides a guide to the recent explosion of microeconomic empirical research on wage and price setting, examines central controversies, and reassesses from a longer perspective the advantages and disadvantages of the model as it has been applied in practice. An important question for future research is whether staggered price and wage setting will continue to be the model of choice or whether it needs to be replaced by a new paradigm. |
| 主题 | Macroeconomics
; Business Cycles
; Money and Interest Rates
; Monetary Policy
|
| URL | https://www.nber.org/papers/w22356
|
| 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/580030
|
推荐引用方式
GB/T 7714 |
John B. Taylor. The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics. 2016.
|
|
文件名：
|
w22356.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。
