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In recent years the New Keynesian Model with price stickiness of the Calvo type has become the most widely used … endogenous explanation of price stickiness as well as of other important features of the observable data, e.g. the cyclical …-separability of the utility function, inflation aversion, nominal transaction frictions). The monograph is organized as follows …
Persistent link: https://www.econbiz.de/10009482289
This thesis investigates the consequences of model uncertainty and persistence in consumption habits and price … equilibrium to achieve a simple, linear model, that only depends on inflation, the output gap, and the interest rate, in the case … inflation dynamics is crucial. Because of the controversial debate on the importance of expectations, the consequences of …
Persistent link: https://www.econbiz.de/10009449715
explain the development of inflation dynamics and the formation process of inflation expectations of households respectively. We …
Persistent link: https://www.econbiz.de/10009429015
probability distribution. In the case of early stage building contract price forecasts the approximate distribution of the likely …
Persistent link: https://www.econbiz.de/10009437537
incurred from the purchase. This paper looks at the need to revise the understanding of value relating to price, that is … replacing consumer surplus with net value and incorporating price and non-price outlays into the expected outlay to gain a … better understanding of buyers' choices and the role of price within that choice. The term Pareto loss was coined to describe …
Persistent link: https://www.econbiz.de/10009440893
Several studies have shown evidence of price convergence between countries in the European Union (EU) since the … power parities, adjusted for inflation and brought to a common base date. The dispersion of these costs was analysed using … the coefficient of variation. The results show little evidence of price convergence for non-residential construction for …
Persistent link: https://www.econbiz.de/10009441585
behavior of the monthly price received of the swine of the State of the Paraná in the period of 06/1994 the 08/2007. For this …
Persistent link: https://www.econbiz.de/10009443162
which takes into accountchanges in export and domestic demand and market clearing price. It optimizes the supply of …
Persistent link: https://www.econbiz.de/10009443254
seasonal behavior patterns,regarding peanut price variation, in the period from January 1996 to December 2005. It isnoticed … that seasonal factors, related to harvest and inter-harvest time, in fact, influence thebehavior and the price variation in … and the price dispersionbetween both markets, the primary one (the producer market) and the secondary one (thewholesale …
Persistent link: https://www.econbiz.de/10009443808