Econometrica· 2017Q1
Uncertainty Shocks in a Model of Effective Demand
- 809citations
- Q1SCImago
- 2017year
Short summary
Uncertainty shocks can generate business cycle fluctuations with sticky prices and countercyclical markups, a mechanism absent when prices are flexible.
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General Economics, Econometrics and FinanceEconomics, Econometrics and Finance