文章基本信息

标题：Measuring the importance of the uniform nonsynchronization hypothesis
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作者：Daniel Dias ; Carlos Robalo Marques ; João M. C. Santos Silva 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2006
出版社：European Central Bank
摘要：In this paper we critically reappraise some measures of the importance of time- dependent price setting rules and propose an alternative way to gauge the signi- cance of this type of price setting behaviour. The merits of the proposed measure are highlighted in an application using micro-data. Our results suggest that a large proportion of price trajectories may be compatible with simple time-dependent price setting mechanisms but the strength of this evidence very much depends on the way that is used to evaluate the importance of this type of behaviour.
关键词：Time-dependent price setting models; uniform staggering; perfect synchro-;nization