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- W1509328003 abstract "This paper studies the empirical performance of a widely used model of nominal rigidities: the Calvo model of sticky goods prices. We describe an extended version of this model with variable elasticity of demand of the differentiated goods and imperfect capital mobility. We find little evidence against standard versions of the model without the extensions, but the estimated frequency of price adjustment is implausible. With the extended model the estimates are more reasonable. This is especially so if the sample is split to take into account a possible change in monetary regime around 1980." @default.
- W1509328003 created "2016-06-24" @default.
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- W1509328003 date "2003-01-01" @default.
- W1509328003 modified "2023-09-27" @default.
- W1509328003 title "Time Series Implications of the Calvo Model of Sticky Prices" @default.
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- W1509328003 doi "https://doi.org/10.2139/ssrn.483022" @default.
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