| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w29236 |
| 来源ID | Working Paper 29236 |
| Repricing Avalanches in the Billion-Prices Data | |
| Laura Leal; Haaris Mateen; Makoto Nirei; José A. Scheinkman | |
| 发表日期 | 2021-09-13 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Nirei and Scheinkman (2021) proposed an equilibrium model of price adjustments with menu-costs with a finite number of firms and derived a “reproduction number” for repricing and a limit functional form for the distribution of the number of simultaneously price-adjusting firms. We show that the distribution of price-changes in data from the Billion Prices Project is well fitted by this functional form and exhibits a reproduction number that is close to unity, indicating that complementarity in price-changes plays a major role in repricings. |
| 主题 | Macroeconomics ; Business Cycles |
| URL | https://www.nber.org/papers/w29236 |
| 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/586910 |
| 推荐引用方式 GB/T 7714 | Laura Leal,Haaris Mateen,Makoto Nirei,et al. Repricing Avalanches in the Billion-Prices Data. 2021. |
| 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 | ||
| w29236.pdf（366KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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