Price Setting in a Model with Production Chains : Evidence from Sectoral Data /
Reconciling the high frequency of price changes at the micro level and their apparent rigidity at the aggregate level has been the subject of considerable debate in macroeconomics recently. In this paper I show that incorporating production chains in a standard New- Keynesian model replicates two st...
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2010.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2010/082 |
| Online adgang: | Full text available on IMF |