Product Life Cycle, Learning, and Nominal Shocks.
This article documents a new set of stylized facts on how pricing moments depend on product age and emphasizes how this heterogeneity is crucial for the amplification of nominal shocks to the real economy. Exploiting information from a unique panel containing billions of transactions in the US consu...
| Publicado en: | Review of Economic Studies Vol. 89; no. 6; pp. 2992 - 3055 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Nov2022
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |