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International competition and Inflation : a new Keynesian perspective
Guerrieri, Luca; Gust, Christopher J.; López-Salido, … - 2008
Persistent link: https://www.econbiz.de/10003997762
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Price-setting behaviour, competition, and mark-up shocks in the new Keynesian model
Khan, Hashmat - 2004
Persistent link: https://www.econbiz.de/10002439148
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Firm Entry, Competitive Pressures and the US Inflation Dynamics
Cecioni, Martina - 2011
This paper studies the effect of competitive pressures on inflation dynamics. To this end it derives and estimates a New Keynesian Phillips curve in a model with endogenous firm entry. The number of active firms is inversely related to their market power. By taking into account the number of...
Persistent link: https://www.econbiz.de/10013128340
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New-Keynesian Phillips Curve with Bertrand Competition and Endogenous Entry
Etro, Federico - 2014
We derive a New Keynesian Phillips Curve under Calvo staggered pricing and price competition. Firms strategic …
Persistent link: https://www.econbiz.de/10013050260
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Competition and Regional Phillips Curve
Du, Shukai; Yang, Ei - 2022
Competition can have opposite impacts on the inflation-output trade-off by increasing the real rigidity but lowering … of competition. Therefore, the effect of the competition is dominated by the decrease in nominal rigidity. Counterfactual … rigidity is small. Our results highlight the key role of price adjustment frequency in response to competition …
Persistent link: https://www.econbiz.de/10013404335
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Competition in the Israeli economy and its effect on prices : a sector-based Phillips curve analysis
Nir, Shulamit - 2021
Persistent link: https://www.econbiz.de/10014338208
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Price-Setting Behaviour, Competition, and Mark-Up Shocks in the New Keynesian Model
Khan, Hashmat - 2005
Recent research and policy discussions have noted that the potentially increased competition among firms since the 1990 … Calvo price-setting assumptions imply the same reduced-form New Keynesian Phillips Curve (NKPC). Increased competition among … concerns about potential loss of market share. These effects are further dampened in an environment of more intense competition …
Persistent link: https://www.econbiz.de/10014066736
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Testing the New Keynesian model on US and Euro area data
Juselius, Mikael (contributor) - 2008
I apply the Johansen and Swensen (1999, 2004) method of testing exact rational expectations within the cointegrated VAR (Vector Auto-Regressive) model, to testing the New Keynesian (NK) model. This method permits the testing of rational expectation systems, while allowing for non-stationary...
Persistent link: https://www.econbiz.de/10003732137
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Evaluating the New Keynesian Phillips Curve under VAR-based learning
Fanelli, Luca (contributor) - 2008
This paper proposes an econometric evaluation of the New Keynesian Phillips Curve (NKPC) in the euro area, under a particular specification of the adaptive learning hypothesis. The key assumption is that agents' perceived law of motion is a Vector Autoregressive (VAR) model, whose coefficients...
Persistent link: https://www.econbiz.de/10003764621
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Inflation persistence: Is it similar in the new EU member states and the euro area members?
Franta, Michal (contributor); Saxa, Branislav (contributor);  … - 2008
Inflation persistence has been put forward as one of the potential reasons of divergence among euro area members. It has also been proposed that the new EU Member States (NMS) may struggle with even higher persistence due to convergence factors. We argue that persistence may not be as different...
Persistent link: https://www.econbiz.de/10003790207