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Uniform pricing in US retail chains
Della Vigna, Stefano; Gentzkow, Matthew Aaron - 2017
Persistent link: https://www.econbiz.de/10011779512
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Retail prices: new evidence from Argentina
Daruich, Diego; Kozlowski, Julian - 2017 - This draft: May 31, 2017
literature. Motivated by our empirical findings, each firm has to set the same price in both regions. Relative to a …
Persistent link: https://www.econbiz.de/10011911512
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Monetary policy regimes and inflation persistence in the United Kingdom
Zakipour-Saber, Shayan - 2019
This paper conducts a structural analysis of inflation persistence in the United Kingdom between 1965-2009. I allow for the possibility of shifts in the U.K. economy by estimating open-economy dynamic stochastic general equilibrium models in which parameters of a Taylor-type monetary policy...
Persistent link: https://www.econbiz.de/10012121979
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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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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 leave them in and implicitly treat sales like any other price change. When …
Persistent link: https://www.econbiz.de/10003479621
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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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The (retail) price of inequality
Frankel, David M. - 1996
Persistent link: https://www.econbiz.de/10000941929
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UK term structure decompositions at the zero lower bound
Carriero, Andrea; Mouabbi, Sarah; Vangelista, Elisabetta - 2015
This paper employs a Zero Lower Bound (ZLB) consistent shadow-rate model to decompose UK nominal yields into expectation and term premia components. Compared to a standard affine term structure model, it performs relatively better in a ZLB setting and effectively captures the countercyclical...
Persistent link: https://www.econbiz.de/10011339919
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Adaptive models and heavy tails
Delle Monache, Davide; Petrella, Ivan - 2014
This paper proposes a novel and flexible framework to estimate autoregressive models with time-varying parameters. Our setup nests various adaptive algorithms that are commonly used in the macroeconometric literature, such as learning-expectations and forgetting-factor algorithms. These are...
Persistent link: https://www.econbiz.de/10010382183
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Liquidity premiums on government debt and the fiscal theory of the price level
Berentsen, Aleksander; Waller, Christopher - 2017
rate on bonds. In equilibrium, the price level is determined according to the fiscal theory of the price level. However … lending arrangements. If the collateral constraint binds, agents price in a liquidity premium on bonds that lowers the real … or spending. The price dynamics are driven solely by the liquidity premium on the debt …
Persistent link: https://www.econbiz.de/10011691217