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Banco Central de Chile

09/06/2019 | Press release | Distributed by Public on 09/06/2019 12:48

Price Rigidity and the Granular Origins of Aggregate Fluctuations

N° 842 Price Rigidity and the Granular Origins of Aggregate Fluctuations

Authors: Ernesto Pasten, Raphael Schoenle, Michael Weber

The Working Paper Series of the Central Bank of Chile disseminates economic research conducted by Central Bank staff or third parties under the sponsorship of the Bank. The purpose of the series is to contribute to the discussion of relevant issues and develop new analytical or empirical approaches in their analysis. The only aim of the Working Papers is to disseminate preliminary research for its discussion and comments. Publication of Working Papers is not subject to previous approval by the members of the Board of the Central Bank. The views and conclusions presented in the papers are exclusively those of the author(s) and do not necessarily reflect the position of the Central Bank of Chile or of the Board members