Similar Search Results

Small and large price changes and the propagation of monetary shocks

Alvarez, Fernando; Le Bihan, Hervé; Lippi, Francesco - 2013

Persistent link: https://www.econbiz.de/10010243719

Small and large price changes and the propagation of monetary shocks

Alvarez, Fernando; Le Bihan, Hervé; Lippi, Francesco - 2014

Persistent link: https://www.econbiz.de/10010365206

Are state and time dependent models really different?

Alvarez, Fernando; Lippi, Francesco; Passadore, Juan - 2016

Persistent link: https://www.econbiz.de/10011515359

Small and large price changes and the propagation of monetary shocks

Alvarez, Fernando; Le Bihan, Hervé; Lippi, Francesco - 2014

Persistent link: https://www.econbiz.de/10010438921

Small and Large Price Changes and the Propagation of Monetary Shocks

Alvarez, Fernando - 2014

We document the presence of both small and large price changes in individual price records from the CPI in France and the US. After correcting for measurement error and cross-section heterogeneity, the size-distribution of price changes has a positive excess kurtosis. We propose an analytical...

Persistent link: https://www.econbiz.de/10013052222

Small and Large Price Changes and the Propagation of Monetary Shocks

Alvarez, Fernando - 2014

Persistent link: https://www.econbiz.de/10013053475

Are State and Time Dependent Models Really Different?

Alvarez, Fernando - 2016

small. The propagation of large shocks instead depends on the nature of the friction: the impulse response of inflation to … use data on exchange rate devaluations and inflation for a panel of countries over 1974-2014 to test for the presence of … sample of flexible-exchange rate countries with low inflation. We discuss the dimensions in which this finding is robust and …

Persistent link: https://www.econbiz.de/10012988497

Empirical Investigation of a Sufficient Statistic for Monetary Shocks

Alvarez, Fernando; Ferrara, Andrea; Gautier, Erwan; Le … - National Bureau of Economic Research - 2021

In a broad class of sticky price models the non-neutrality of nominal shocks is encoded by a simple sufficient statistic: the ratio of the kurtosis of the size-distribution of price changes over the frequency of price changes. We test this theoretical prediction using data for a large number of...

Persistent link: https://www.econbiz.de/10012696399

Temporary price changes, inflation regimes and the propagation of monetary shocks

Alvarez, Fernando; Lippi, Francesco - 2018

Persistent link: https://www.econbiz.de/10011861244

Are state- and time-dependent models really different?

Alvarez, Fernando; Lippi, Francesco; Passadore, Juan - In: NBER macroeconomics annual 31 (2016), pp. 379-457

Persistent link: https://www.econbiz.de/10011977077