Microeconomic rigidities and aggregate price dynamics
نویسندگان
چکیده
منابع مشابه
Microcconomic rigidities and aggregate price dynamics by Ricardo Caballero and Eduardo Engel
This paper is an important contribution to the literature on the microeconomic foundations of macroeconomics. Caballero and Engel take as given some of the ‘facts’ of the behavior of the aggregate price level in particular the high degree of persistence. They then endeavor to explain these facts using a simple model of microeconomic price adjustment. Their explicit examination of how their mode...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 1993
ISSN: 0014-2921
DOI: 10.1016/0014-2921(93)90081-k