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Endogenous information, menu costs and inflation persistence
Gorodnichenko, Yuriy - 2008
"This paper develops a model where firms make state-dependent decisions on both pricing and acquisition of information. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an endogenous public signal generate rigidity in price setting...
Persistent link: https://www.econbiz.de/10003740423
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Endogenous Information, Menu Costs and Inflation Persistence
Gorodnichenko, Yuriy - 2008
This paper develops a model where firms make state-dependent decisions on both pricing and acquisition of information. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an endogenous public signal generate rigidity in price setting...
Persistent link: https://www.econbiz.de/10012770875
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Endogenous Information, Menu Costs and Inflation Persistence
Gorodnichenko, Yuriy - 2009
This paper develops a model where firms make state-dependent decisions on both pricing and acquisition of information. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an endogenous public signal generate rigidity in price setting...
Persistent link: https://www.econbiz.de/10012720500
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Endogenous information, menu costs and inflation persistence
Gorodnichenko, Yuriy - 2008
This paper develops a model where firms make state-dependent decisions on both pricing and acquisition of information. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an endogenous public signal generate rigidity in price setting...
Persistent link: https://www.econbiz.de/10012464463
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Culture, Institutions and the Wealth of nations
Gorodnichenko, Yuriy; Roland, Gérard - C.E.P.R. Discussion Papers - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10008642886
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Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy; Roland, Gerald - Institute for the Study of Labor (IZA) - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10008680898
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Culture, institutions and the wealth of nations
Gorodnichenko, Yuriy; Roland, Gerard - 2010
We construct an endogenous growth model that includes a cultural variable along the dimension of individualism … innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal …
Persistent link: https://www.econbiz.de/10010274699
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The effect of the war on human capital in Ukraine and the path for rebuilding
Gorodnichenko, Yuriy; Kudlyak, Marianna; Şahin, Ayşegül - 2022
, population growth and fertility, and promotion of self-motivating mechanisms. …
Persistent link: https://www.econbiz.de/10014320003
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The effect of the war on human capital in Ukraine and the path for rebuilding
Gorodnichenko, Yuriy; Kudlyak, Marianna; Şahin, Ayşegül - 2022
, population growth and fertility, and promotion of self-motivating mechanisms. …
Persistent link: https://www.econbiz.de/10013269735
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How powerful are fiscal multipliers in recessions?
Auerbach, Alan J.; Gorodnichenko, Yuriy - In: NBER reporter online (2015) 2, pp. 21-24
Persistent link: https://www.econbiz.de/10011369709