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...
| Autor principal: | |
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
1999.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 1999/072 |
| Acesso em linha: | Full text available on IMF |