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Temporary price changes and the real effects of monetary policy
Kehoe, Patrick J.; Midrigan, Virgiliu - 2008
Persistent link: https://www.econbiz.de/10003767390
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Temporary price changes and the real effects of monetary policy
Kehoe, Patrick J.; Midrigan, Virgiliu - 2008
Persistent link: https://www.econbiz.de/10003770430
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Temporary price changes and the real effects of monetary policy
Kehoe, Patrick J.; Midrigan, Virgiliu - 2008
Persistent link: https://www.econbiz.de/10009518074
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Temporary price changes and the real effects of monetary policy
Kehoe, Patrick J. (contributor);  … - 2008
In the data, a large fraction of price changes are temporary. We provide a simple menu cost model which explicitly includes a motive for temporary price changes. We show that this simple model can account for the main regularities concerning temporary and permanent price changes. We use the...
Persistent link: https://www.econbiz.de/10003722992
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Temporary Price Changes and the Real Effects of Monetary Policy
Kehoe, Patrick J. - 2008
policy analysis, researchers should use a menu cost model like ours or at least a third, theory-based shortcut: set the Calvo …
Persistent link: https://www.econbiz.de/10012769878
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Temporary Price Changes and the Real Effects of Monetary Policy
Kehoe, Patrick J. - 2008
policy analysis, researchers should use a menu cost model like ours or at least a third, theory-based shortcut: set the Calvo …
Persistent link: https://www.econbiz.de/10012769978
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Temporary Price Changes and the Real Effects of Monetary Policy
Kehoe, Patrick J. - 2008
policy analysis, researchers should use a menu cost model like ours or at least a third, theory-based shortcut: set the Calvo …
Persistent link: https://www.econbiz.de/10012464255
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Business cycle effects of credit shocks in a DSGE model with firm defaults
Pesaran, M. Hashem; Xu, TengTeng - 2013
economy. A positive credit shock, defined as a rise in the loan-to-deposit ratio, increases output, consumption, hours and … productivity, and reduces the spread between loan and deposit rates. The effects of the credit shock tend to be highly persistent …
Persistent link: https://www.econbiz.de/10009751689
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119292
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Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults
Pesaran, M. Hashem - 2011
financial institutions in the transmission of credit and technology shocks to the real economy. A positive credit shock, defined … between loan and deposit rates. The effects of the credit shock tend to be highly persistent even without price rigidities and …
Persistent link: https://www.econbiz.de/10013119521