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作者：Adrian, Tobias; Shin, Hyun Song
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; Princeton University
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作者：Chassang, Sylvain; Padro i Miquel, Gerard
作者单位：Princeton University; Princeton University; University of London; London School Economics & Political Science
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作者：Dixit, Avinash
作者单位：Princeton University
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作者：Boivin, Jean; Giannoni, Marc P.; Mihov, Ilian
作者单位：Universite de Montreal; HEC Montreal; National Bureau of Economic Research; Columbia University; Center for Economic & Policy Research (CEPR); INSEAD Business School
摘要：This paper shows that the recent evidence that disaggregated prices are volatile does not necessarily challenge the hypothesis of price rigidity used in a large IF class of macroeconomic models. We document the effect of macroeconomic and sectoral disturbances by estimating a factor-augmented vector autoregression using a large set of macroeconomic indicators and disaggregated prices. Our main finding is that disaggregated prices appear sticky in response to macroeconomic and monetary disturba...
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作者：Morgan, John; Vardy, Felix
作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley; International Monetary Fund
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作者：Eeckhout, Jan
作者单位：University of Pennsylvania
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作者：Goos, Maarten; Manning, Alan; Salomons, Anna
作者单位：KU Leuven; University of London; London School Economics & Political Science
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作者：Mokyr, Joel
作者单位：Northwestern University; Northwestern University
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作者：Tobacman, Jeremy
作者单位：University of Pennsylvania; National Bureau of Economic Research
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作者：Jeanne, Olivier
作者单位：Johns Hopkins University
