analytically the impulse response of aggregate prices and output to a monetary shock. The cumulative response of output to a … monetary shock is the product of three terms: the steady state standard deviation of price changes, the average time elapsed … between price changes, and a function of both the number of products and the size of the monetary shock. The size of the …

nature of the shock: a negative oil supply shock reduces US output, whereas a positive oil demand shock has a positive and …

We propose an analytical method to analyze the propagation of a once-and-for-all shock in a broad class of sticky price … shock (any displacement of the invariant distribution). We present several applications and discuss extensions …

use a Factor Augmented VAR to measure the sectoral responses to a monetary shock, as summarized by the cumulative impulse …

analytically the impulse response of aggregate prices and output to a monetary shock. The cumulative response of output to a … monetary shock is the product of three terms: the steady state standard deviation of price changes, the average time elapsed … between price changes, and a function of both the number of products and the size of the monetary shock. The size of the …

characterize analytically the response of the aggregate economy to a monetary shock. Different propagation mechanism, spanning the …

impulse response of aggregate prices and output to a monetary shock. The size of the output response and its duration increase …