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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
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The price-setting behavior of Austrian firms : some survey evidence
Kwapil, Claudia; Baumgartner, Josef; Scharler, Johann - 2005
Persistent link: https://www.econbiz.de/10003077017
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Econometric models of asymmetric price transmission
Frey, Giliola (contributor); Manera, Matteo (contributor) - 2005
Persistent link: https://www.econbiz.de/10003357847
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Sticky prices : a new monetarist approach
Head, Allen Charles; Liu, Lucy Qian; Wright, Randall D. - 2011
Persistent link: https://www.econbiz.de/10008987537
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Asymmetric error correction models for the oil-gasoline price relationship
Grasso, Margherita (contributor); Manera, Matteo (contributor) - 2005
Persistent link: https://www.econbiz.de/10003357807
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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
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Mortgages and monetary policy
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2015
Persistent link: https://www.econbiz.de/10011392896
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Mortgages and monetary policy
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2015
Mortgages are prime examples of long-term nominal loans. As a result, under incomplete asset markets, monetary policy can affect household decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. These channels are distinct from the transmission through...
Persistent link: https://www.econbiz.de/10011306278
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Mortgages and monetary policy
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - 2013
Persistent link: https://www.econbiz.de/10010226701
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Another look at sticky prices and output persistence
Wang, Peng-fei (contributor); Wen, Yi (contributor) - 2005
"Price rigidity is the key mechanism for propagating business cycles in traditional Keynesian theory. Yet the New …
Persistent link: https://www.econbiz.de/10002956723