REAL RIGIDITIES AND THE NONNEUTRALITY OF MONEY

被引：272

作者：

BALL, L ^{[1
]}

ROMER, D ^{[1
]}

机构：

[1] UNIV CALIF BERKELEY,BERKELEY,CA 94720

来源：

REVIEW OF ECONOMIC STUDIES | 1990年 / 57卷 / 02期

基金：

美国国家科学基金会;

关键词：

D O I：

10.2307/2297377

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Rigidities in real prices are not sufficient to create rigidities in nominal prices and real effects of nominal shocks. And, by themselves, small frictions in nominal adjustment, such as costs of changing prices, create only small non-neutralities. But this paper shows that substantial nominal rigidity can arise from a combination of real rigidities and small nominal frictions. The paper shows the connection between real and nominal rigidity given the presence of nominal frictions both in general and for two specific sources of real rigidity, one arising from goods market imperfections and the other from labour market imperfections. © 1990 The Review of Economic Studies Limited.

引用

页码：183 / 203

页数：21

共 28 条

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