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Does a higher frequency of micro-level price changes matter for macro price stickiness? : assessing the impact of temporary price changes
Kurachi, Yoshiyuki; Hiraki, Kazuhiro; Nishioka, Shinichi - 2016
Persistent link: https://www.econbiz.de/10012178730
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Relative Goods' Prices, Pure Inflation, and the Phillips Correlation
Reis, Ricardo - 2010
three independent components: idiosyncratic relative-price changes, a low-dimensional index of aggregate relative-price … price changes to fundamental economic shocks. We use the estimates of the pure inflation and aggregate relative-price … are they related to conventional measures of monetary policy and relative-price shocks? We find that pure inflation …
Persistent link: https://www.econbiz.de/10012759679
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Relative Goods' Prices, Pure Inflation, and the Phillips Correlation
Reis, Ricardo - 2007
three independent components: idiosyncratic relative-price changes, a low-dimensional index of aggregate relative-price … the model on U.S. data since 1959, and it presents a simple structural model that relates the three components of price … changes to fundamental economic shocks. We use the estimates of the pure inflation and aggregate relative-price components to …
Persistent link: https://www.econbiz.de/10012465024
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Heterogeneity in wage setting behavior in a New-Keynesian Model
Eijffinger, Sylvester C. W.; Grajales Olarte, Anderson; … - 2015
Persistent link: https://www.econbiz.de/10011350047
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Relative prices and pure inflation since the mid-1990s
Ahn, Hie Joo; Luciani, Matteo - 2021
Persistent link: https://www.econbiz.de/10012704952
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Effects of global energy and price fluctuations on Turkey's inflation : new evidence
Özmen, İbrahim; Özşahin, Şerife - In: Economic change & restructuring 56 (2023) 4, pp. 2695-2728
Persistent link: https://www.econbiz.de/10014336244
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Disinflation and the Phillips Curve : Israel 1986-2015
Melnick, Rafi; Strohsal, Till - 2016
A Phillips Curve (PC) framework is utilized to study the challenging post-1985 disinflation process in Israel. The estimated PC is stable and has forecasting power. Based on endogenous structural break tests we find that actual and expected inflation are co-breaking. We argue that the step-like...
Persistent link: https://www.econbiz.de/10011544982
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Monetary policy, financial dollarization and agency costs
Vega, Marco - 2015
Persistent link: https://www.econbiz.de/10011503712
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The new Keynesian model and the long-run vertical Phillips curve : does it hold for Germany?
Gottschalk, Jan; Fritsche, Ulrich - 2006
New-Keynesian macroeconomic models typically assume that any long-run trade-off between inflation and unemployment is ruled out. While this appears to be a reasonable characterization of the US economy, it is less clear that the natural rate hypothesis necessarily holds in a European country...
Persistent link: https://www.econbiz.de/10010426365
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Keynesian and monetarist views on the German unemployment problem : theory and evidence
Gottschalk, Jan - 2002
Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and explores empirically their implications for the explanation...
Persistent link: https://www.econbiz.de/10011474695