An edition of Firm-specific capital, nominal rigidities and the business cycle (2005)

Firm-specific capital, nominal rigidities and the business cycle

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Firm-specific capital, nominal rigidities and ...
David Altig
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Last edited by MARC Bot
February 6, 2019 | History
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An edition of Firm-specific capital, nominal rigidities and the business cycle (2005)

Firm-specific capital, nominal rigidities and the business cycle

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"Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro--macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even though firms re-optimize prices on average once every 1.5 quarters. The key feature of our model is that capital is firm-specific and pre-determined within a period"--National Bureau of Economic Research web site.

Publish Date
Publisher
National Bureau of Economic Research
Language
English
Pages
38

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Subjects

Prices, Econometric models

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Edition Availability
Cover of: Firm-specific capital, nominal rigidities and the business cycle
Firm-specific capital, nominal rigidities and the business cycle
2005, National Bureau of Economic Research
in English
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Book Details

Edition Notes

"January 2005."

Includes bibliographical references (p. 33-37).

Also available in PDF from the NBER world wide web site (www.nber.org).

Published in
Cambridge, Mass
Series
NBER working paper series -- no. 11034., Working paper series (National Bureau of Economic Research) -- working paper no. 11034.

The Physical Object

Pagination
38, [11] p. :
Number of pages
38

ID Numbers

Open Library
OL17625573M
OCLC/WorldCat
57581837

Source records

Oregon Libraries MARC record

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History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
February 6, 2019 Edited by MARC Bot import existing book
April 25, 2009 Edited by ImportBot add OCLC number
September 29, 2008 Created by ImportBot Imported from Oregon Libraries MARC record