Nominal Rigidities and Asset Pricing
نویسندگان
چکیده
منابع مشابه
Online Appendix: Nominal Rigidities and Asset Pricing
0 Wi,thi,tdi+Rt−1Bt−1 −Bt +Dt, where Et is the expectation operator conditional on the time t information set of the representative household, β is the discount factor, C is the composite consumption good, b ≥ 0 is a habit persistence parameter in consumption, hi,t denotes hours worked of type i, ψL ≥ 0 is a parameter, P is the composite price index defined below, Wi,t time t nominal wage for l...
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Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank...
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Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not necessarily those of the Federal Reserve Bank...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2478500