Similar Search Results

Selcuk, Cemil - 2012

The housing market exhibits a puzzling yet repetitive seasonal boom and bust cycle where prices and trade volume rise in summers and fall in winters. This paper presents a search model that analytically generates the observed deterministic cycle.

Persistent link: https://www.econbiz.de/10010288825

Seasonal Cycles in the Housing Market

Selcuk, Cemil - Economics Section, Cardiff Business School - 2012

Persistent link: https://www.econbiz.de/10010640982

Persistence and nominal inertia in a generalized Taylor economy: How longer contracts dominate shorter contracts

Dixon, Huw; Kara, Engin - 2007

We develop the Generalized Taylor Economy (GTE) in which there are many sectors with overlapping contracts of di§erent lengths. In economies with the same average contract length, monetary shocks will be more persistent when longer contracts are present. Using the Bils-Klenow distribution of...

Persistent link: https://www.econbiz.de/10010322772

Inflation persistence in the UK 1993-2019: From months to years

Dixon, Huw; Li, Yiyi; Meenagh, David; Tian, Maoshan - 2024

, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline …

Persistent link: https://www.econbiz.de/10014581785

Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?

Dixon, Huw; Kara, Engin - 2008

This paper adopts the Impulse-Response methodology to understand inflation persistence. It has often been argued that … existing models of pricing fail to explain the persistence that we observe. We adopt a common general framework which allows … distribution of durations can take us a long way to solving the puzzle of inflation persistence, but not all the way yet. …

Persistent link: https://www.econbiz.de/10010288812

Real business cycles with a human capital investment sector and endogenous growth: Persistence, volatility and labor puzzles

Dang, Jing; Gillman, Max; Kejak, Michal - 2011

, physical capital investment has data consistent persistence within a hump-shaped impulse response. And Gali's (1999 …

Persistent link: https://www.econbiz.de/10010288869

Can we explain inflation persistence in a way that is consistent with the micro-evidence on nominal rigidity?

Dixon, Huw David; Kara, Engin - Economics Section, Cardiff Business School - 2008

Persistent link: https://www.econbiz.de/10005082623

Persistence and Nominal Inertia in a Generalized Taylor Economy: How Longer Contracts Dominate Shorter Contracts

Dixon, Huw David; Kara, Engin - Economics Section, Cardiff Business School - 2007

We develop the Generalized Taylor Economy (GTE) in which there are many sectors with overlapping contracts of different lengths. In economies with the same average contract length, monetary shocks will be more persistent when longer contracts are present. Using the Bils-Klenow distribution of...

Persistent link: https://www.econbiz.de/10005256690

Real Business Cycles with a Human Capital Investment Sector and Endogenous Growth: Persistence, Volatility and Labor Puzzles

Gillman, Max; Kejak, Michal; Dang, Jing - Economics Section, Cardiff Business School - 2011

, physical capital investment has data consistent persistence within a hump-shaped impulse response. And Gali's (1999 …

Persistent link: https://www.econbiz.de/10008876454