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Menu Costs and Inflation Asymmetries Some Micro Data Evidence
Karádi, Péter; Reiff, Àdám - 2007
The paper explains the observed asymmetric inflation response to value-added tax (VAT) changes in Hungary by … inflation and forward-looking firms, thereby it provides direct evidence to the argument of Ball and Mankiw (1994). …
Persistent link: https://www.econbiz.de/10010494360
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The causes of persistent inflation in Nigeria
Asekunowo, Victor O. - In: CBN Journal of Applied Statistics 07 (2016) 2, pp. 49-75
This study sought to identify the traditional and institutional inflation variables responsible for inflation … year. The study therefore concluded that inflation in Nigeria, during the studied period, was driven by the pass-through of … import prices to domestic prices via markup pricing by firms. This was aided by domestic inflation persistence. It is …
Persistent link: https://www.econbiz.de/10011961647
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Grab a bite? Prices in the food away from home industry during the COVID-19 pandemic
Solórzano, Diego - 2023
The pandemic generated heterogeneous demand shocks in the food away from home industry's consumption channels: on-site and deliveries/takeaways. Hence, price adjustments by consumption channel could have also been different. This study examines dishes' prices intended to be consumed as...
Persistent link: https://www.econbiz.de/10014540944
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Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors
Ikeda, Yuichi; Fujiwara, Yoshi; Aoyama, Hideaki; … - 2008
Labour productivity distribution (dispersion) is studied both theoretically and empirically. Superstatistics is presented as a natural theoretical framework for productivity. The demand index ê is proposed within this framework as a new business index. Japanese productivity data covering...
Persistent link: https://www.econbiz.de/10010298578
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Superstatistics of Labour Productivity in Manufacturing and Nonmanufacturing Sectors
Ikeda, Yuichi; Fujiwara, Yoshi; Aoyama, Hideaki; … - In: Economics: The Open-Access, Open-Assessment E-Journal 3 (2009) 2009-22, pp. 1-17
Labour productivity distribution (dispersion) is studied within the framework of statistical physics and the result is compared with the outcome of the empirical analysis. Superstatistics is presented as a natural theoretical framework for the productivity distribution. The demand index ê is...
Persistent link: https://www.econbiz.de/10010298640
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010291522
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Re-examining the role of sticky wages in the U.S. Great Contraction: A multi-sector approach
Amaral, Pedro S.; MacGee, James C. - 2012
We quantify the role of contractionary monetary shocks and wage rigidities in the U.S. Great Contraction. While the average economy-wide real wage varied little over 1929-33, real wages rose significantly in some industries. We calibrate a two-sector model with intermediates to the 1929 U.S....
Persistent link: https://www.econbiz.de/10010291896
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010331219
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Unemployment and endogenous reallocation over the business cycle
Carrillo-Tudela, Carlos; Visschers, Ludo - 2013
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10010291340
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How could everyone have been so wrong? Forecasting the Great Depression with the railroads
Klug, Adam; Langdon-Lane, John S.; White, Eugene N. - 2002
Contemporary observers viewed the recession that began in the summer of 1929 as nothing extraordinary. Recent analyses have shown that the subsequent large deflation was econometrically forecastable, implying that a driving force in the depression was the high expected real interest rates faced...
Persistent link: https://www.econbiz.de/10010318331