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Multiple testing for output convergence
Deckers, Thomas; Hanck, Christoph - In: Macroeconomic dynamics 18 (2014) 1, pp. 199-214
Persistent link: https://www.econbiz.de/10010356149
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Price convergence in euroland : evidence from micro data without noise
Meyer, Sophie-Charlotte; Schettkat, Ronald - 2013
Analyzing prices of truly homogenous consumer goods sold in Euroland, we find significant price convergence after the … narrower with the Euro than before. We observe Sigma and Beta convergence, i.e. prices do not differ systematically between … countries. Our result is in contrast to some other findings stating divergence rather than convergence but which do not control …
Persistent link: https://www.econbiz.de/10010191995
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Information risk, market stress and institutional herding in financial markets : new evidence through the lens of a simulated model
Boortz, Christopher; Kremer, Stephanie; Jurkatis, Simon; … - 2014
This paper employs numerical simulations of the Park and Sabourian (2011) herd model to derive new theory-based predictions for how information risk and market stress influence aggregate herding intensity. We test these predictions empirically using a comprehensive data set of highfrequency and...
Persistent link: https://www.econbiz.de/10010356865
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Intermittent price changes in production plants : empirical evidence using monthly data
Nilsen, Øivind Anti; Vange, Magne - 2018
The price-setting behaviour of manufacturing plants is examined using a large panel of monthly surveyed plant- and product-specific prices. The sample shows a high frequency of zero changes, relatively small price changes, and a strong seasonal price-change pattern. The intermittent feature of...
Persistent link: https://www.econbiz.de/10011872944
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Trend inflation and evolving inflation dynamics : a Bayesian GMM analysis
Gemma, Yasufumi; Kurozumi, Takushi; Shintani, Mototsugu - In: Review of economic dynamics 51 (2023), pp. 506-520
Persistent link: https://www.econbiz.de/10014471902
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Money and credit : theory and applications
Wang, Liang; Wright, Randall D.; Liu, Lucy Qian - 2016
Persistent link: https://www.econbiz.de/10011541500
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Two-country new Keynesian DSGE model : a small open economy as a limit case
Silveira, Marcos Antonio Coutinho da - 2015
We build a two-country version of the model in Gali & Monacelli (2005), which extends for a small open economy the new Keynesain DSGE model used as tool for monetary policy analysis in closed economies. A distinctive feature of the model is that the terms of trade enters directly into the new...
Persistent link: https://www.econbiz.de/10012038711
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Missing aggregate dynamics : on the slow convergence of lumpy adjustment models
Berger, David; Caballero, Ricardo J.; Engel, Eduardo - 2015
Persistent link: https://www.econbiz.de/10011577984
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The determinants of sticky prices and sticky plans : evidence from German business survey data
Schenkelberg, Heike - In: German economic review 15 (2014) 3, pp. 353-373
Persistent link: https://www.econbiz.de/10010499722
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A detailed derivation of the sticky price and sticky information new Keynesian DSGE model
Menz, Jan-Oliver; Vogel, Lena - 2009
This paper aims at providing macroeconomists with a detailed exposition of the New Keynesian DSGE model. Both the sticky price version and the sticky information variant are derived mathematically. Moreover, we simulate the models, also including lagged terms in the sticky price version, and...
Persistent link: https://www.econbiz.de/10010425864