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Selection effects in producer-price setting
Carlsson, Mikael - 2014
We use micro data on product prices linked to information on the firms that set them to test for selection effects …
Persistent link: https://www.econbiz.de/10010399801
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Selection effects in producer-price setting
Carlsson, Mikael - 2014
We use micro data on product prices linked to information on the firms that set them to test for selection effects …
Persistent link: https://www.econbiz.de/10010437793
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David - 2009
inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … though firms re-optimize prices on average once every 1.5 quarters. The key feature of our model is that capital is firm …
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 - 2010
even though firms in the model reoptimize prices on average once every 1.8 quarters. The key feature of our model … traded in economy-wide rental markets, we find that firms reoptimize their prices on average once every 9 quarters. We argue …
Persistent link: https://www.econbiz.de/10014197143
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Asymmetric Adjustments of Price and Output
Tinsley, Peter A.; Krieger, Reva - 1997
Asymmetries in price adjustment can reconcile contrasts between rapid price movements in inflationary episodes, consistent with classical theories of flexible pricing, and sluggish price responses in contractions, consistent with Keynesian theories of sticky price adjustments. Nonparametric...
Persistent link: https://www.econbiz.de/10014094398
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Dynamics of the U.S. price distribution
Berger, David; Vavra, Joseph - In: European economic review : EER 103 (2018), pp. 60-82
Persistent link: https://www.econbiz.de/10011975674
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The cyclicality of sales, regular and effective prices : business cycle and policy implications
Coibion, Olivier; Gorodnichenko, Yuriy; Hong, Gee Hee - 2013
We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) using data on prices and quantities sold for numerous retailers across many U.S. metropolitan areas. Inflation in the … effective prices paid by consumers declines significantly with higher unemployment while little change occurs in the inflation …
Persistent link: https://www.econbiz.de/10009690837
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U.S. Domestic Money, Inflation and Output
Aksoy, Yunus - 2011
Recent empirical research documents that the strong short-term relationship between U.S. monetary aggregates on one side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of flows of U.S. dollars abroad we find that domestic money...
Persistent link: https://www.econbiz.de/10013133240
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U.S. Domestic Money, Inflation and Output
Aksoy, Yunus; Piskorski, Tomasz - 2014
Recent empirical research found that the strong short-term relationship between monetary aggregates and US real output and inflation, as outlined in the classical study by M. Friedman and Schwartz, mostly disappeared since the early 1980s. In the light of the B. Friedman and Kuttner (1992)...
Persistent link: https://www.econbiz.de/10014123689
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U.S. Domestic Money, Inflation and Output
Aksoy, Yunus; Piskorski, Tomasz - 2014
Recent empirical research documents that the strong short-term relationship between U.S. monetary aggregates on one side and inflation and real output on the other has mostly disappeared since the early 1980s. Using the direct estimate of flows of USD abroad we find that domestic money (currency...
Persistent link: https://www.econbiz.de/10014050819