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Monetary non-neutrality in a multi-sector menu cost model

Nakamura, Emi; Jón Steinsson - 2008

Persistent link: https://www.econbiz.de/10003716066

Labor-market volatility in the search-and-matching model : the role of investment-specific technology shocks

Faccini, Renato (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003787655

A new look at uncertainty shocks : imperfect information and misallocation

Senga, Tatsuro - 2015

experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information … a prolonged recession followed by anemic recovery in response to an uncertainty shock. When confronted with a rise in …

Persistent link: https://www.econbiz.de/10011401309

(S,s) pricing : does the heterogeneity wipe out the asymmetry on micro level?

Babutsidze, Zakaria - 2010

This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried over on macro level and what is the role of agent heterogeneity in the process. We look at two kinds of asymmetries: (i) asymmetric output responses monetary shocks and (ii)...

Persistent link: https://www.econbiz.de/10003984536

Large shocks in menu cost models

Karadi, Peter; Reiff, Adam - 2012

Persistent link: https://www.econbiz.de/10009765161

Monetary Non-Neutrality in a Multi-Sector Menu Cost Model

Nakamura, Emi - 2011

Empirical evidence suggests that as much as 1/3 of the U.S. business cycle is due to nominal shocks. We calibrate a multi-sector menu cost model using new evidence on the cross-sectional distribution of the frequency and size of price changes in the U.S. economy. We augment the model to...

Persistent link: https://www.econbiz.de/10013119191