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Optimal monetary policy and the time-dependent price and wage Phillips curves : an international comparison
Di Bartolomeo, Giovanni; Serpieri, Carolina - In: Journal of international money and finance 146 (2024), pp. 1-23
Persistent link: https://www.econbiz.de/10015075870
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Sectoral price stickiness and inflation persistence in Poland : a two-sector DSGE approach
Leszczyńska-Paczesna, Agnieszka - In: Prague economic papers : a bimonthly journal of … 29 (2020) 2, pp. 152-186
Persistent link: https://www.econbiz.de/10012593409
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Tradeoffs between inflation and output-gap variances in an optimizing-agent model
Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - 1998
Persistent link: https://www.econbiz.de/10000678963
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Tradeoffs between inflation and output-gap variances in an optimizing-agent model
Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - 1998
Persistent link: https://www.econbiz.de/10000996093
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David - 2009
Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro - macro conflict. Our...
Persistent link: https://www.econbiz.de/10012721840
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David; Christiano, Lawrence J.; Lindé, Jesper; … - 2021
Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro - macro conflict. Our...
Persistent link: https://www.econbiz.de/10013245531
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Tradeoffs between inflation and output-gap variances in an optimizing-agent model
Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - 1998
We demonstrate the existence of a monetary policy tradeoff between price-inflation variability and output-gap variability in an optimizing-agent model with staggered nominal wage and price contracts. This variance tradeoff is absent only in the special case in which prices are sticky and wages...
Persistent link: https://www.econbiz.de/10010128029
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David - 2005
Macroeconomic and microeconomic data paint conflicting pictures of price behavior. Macroeconomic data suggest that inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which resolves this apparent micro - macro conflict. Our...
Persistent link: https://www.econbiz.de/10012467653
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David; Christiano, Lawrence J.; Lindé, Jesper - 2010
This paper formulates and estimates a three-shock US business cycle model. The estimated model accounts for a …
Persistent link: https://www.econbiz.de/10014197143
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Tradeoffs between Inflation and Output-Gap Variances in an Optimizing-Agent Model
Erceg, Christopher J.; Henderson, Dale W.; Levin, Andrew T. - 2006
We demonstrate the existence of a monetary policy tradeoff between price-inflation variability and output-gap variability in an optimizing-agent model with staggered nominal wage and price contracts. This variance tradeoff is absent only in the special case in which prices are sticky and wages...
Persistent link: https://www.econbiz.de/10014207989