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...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 89; no. 6; pp. 2992 - 3055
Main Authors:	Argente, David, Yeh, Chen
Format:	Article
Published:	Oxford University Press / USA Nov2022
Subjects:	Prices Consumer goods Active learning Product life cycle Real economy Demand function
Online Access:	View this record in EBSCOhost