Sticky Prices : An Empirical Assessment of Alternative Models /
This paper presents a model of staggered price setting that allows for a flexible distribution of the durations of the prices underlying aggregate price behavior, and estimates it with U.S. data. When tested against an unrestricted version of this model, standard models of sticky prices are rejected...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Serie: | IMF Working Papers; Working Paper ;
No. 1999/072 |
| Accesso online: | Full text available on IMF |