This paper investigates the ability of the Dornbusch (1976) sticky- price model for the nominal metical-rand exchange … (VEC) models, and models capturing alternative forms of the Efficient Market Hypothesis (EMH) of exchange rates, the sticky-price …

relative and absolute efficacy of Calvo sticky price (SP), sticky information (SI), and sticky price with indexation models …

In this paper we construct output gap and inflation predictions using a variety of DSGE sticky price models. Predictive …. With respect to predictive density evaluation, our results suggest that the standard sticky price model discussed in Calvo … on mean square forecast error analysis are less clear-cut, although the standard sticky price model fares best at our …

price model discussed in Calvo (1983), the sticky price with dynamic indexation model discussed in Christiano, Eichenbaum … main findings is that for a standard level of stickiness (i.e. annual price or information adjustment), the sticky price … of historical data. In particular, we evaluate a variety of new Keynesian DSGE models, including the standard sticky …

between aggregate price and output. We compare the empirical performance of the sticky price and the Mankiw and Reis (2002 … estimates of the empirical encompassing model lead to the same result - the sticky information model is dominated by the sticky … price model. …