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The impact of individual accounts : piecemeal vs. comprehensive approaches

Orszag, Jonathan Michael; Orszag, Peter R.; Snower, … - 1999

Persistent link: https://www.econbiz.de/10001462116

Incapacity benefits and employment policy

Orszag, Jonathan Michael; Snower, Dennis J. - 1997

Persistent link: https://www.econbiz.de/10000976513

Sales and the real effects of monetary policy

Kehoe, Patrick J. (contributor); … - 2007

In the data, a sizable fraction of price changes are temporary price reductions referred to as sales. Existing models include no role for sales. Hence, when confronted with data in which a large fraction of price changes are sales related, the models must either exclude sales from the data or...

Persistent link: https://www.econbiz.de/10003479621

Sticky prices and sectoral real exchange rates

Kehoe, Patrick J. (contributor); … - 2007

theory for persistence have some modest support: in the data, the stickier is the price of a good the more persistent is its … real exchange rate, but the theory predicts much more variation in persistence than is in the data. The predictions of the … theory for volatiity fare less well: in the data, the stickier is the price of a good the smaller is its conditional variance …

Persistent link: https://www.econbiz.de/10003579972