文章基本信息

标题：Inflation and Relative Prices:Empirical Evidence for the Spanish Economy
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作者：María Ángeles Caraballo ; Carlos Usabiaga
期刊名称：Problems and Perspectives in Management
印刷版ISSN：1727-7051
电子版ISSN：1810-5467
出版年度：2004
卷号：2
期号：3
页码：59-71
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：Nominal price rigidity assumption has generated a vast literature in recent macroeconomics.There are several theories trying to explain it.This paper focuses on New Keynesian menu cost models,and more precisely on the empirical testing strand proposed by Ball and Mankiw (1994,1995),who explain why a relative price shock,which serves as a measure of a supply shock,can affect the average inflation rate,whereas in a flexible price framework changes in relative prices don't affect average inflation.
关键词：Nominal price rigidity assumption has generated a vast literature in recent macroeconomics.There are several theories trying to explain it.This paper focuses on New Keynesian menu cost models,and more precisely on the empirical testing strand proposed by Ball and Mankiw (1994,1995),who explain why a relative price shock,which serves as a measure of a supply shock,can affect the average inflation rate,whereas in a flexible price framework changes in relative prices don't affect average inflation.