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Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality
Beck, Günter W.; Lein, Sarah M. - 2015
To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...
Persistent link: https://www.econbiz.de/10011390722
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Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality
Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2016
To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...
Persistent link: https://www.econbiz.de/10011532828
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Price elasticities and demand-side real rigidities in micro data and in macro models
Beck, Günter W.; Lein-Rupprecht, Sarah M. - In: Journal of monetary economics 115 (2020), pp. 200-212
Persistent link: https://www.econbiz.de/10012383693
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Microeconometric evidence on demand-side real rigidity and implications for monetary non-neutrality
Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2015
To model the observed slow response of aggregate real variables to nominal shocks, most macroeconomic models incorporate real rigidities in addition to nominal rigidities. One popular way of modelling such a real rigidity is to assume a non-constant demand elasticity. By using a homescan data...
Persistent link: https://www.econbiz.de/10011569581
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Price elasticities and demand-side real rigidities in micro data and in macro models
Beck, Günter W.; Lein-Rupprecht, Sarah M. - 2020
Persistent link: https://www.econbiz.de/10012198642