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On the non-optimality of information : an Analysis of the welfare effects of anticipated shocks in the New Keynesian model
Wohltmann, Hans-Werner (contributor);  … - 2008
This paper compares the welfare effects of anticipated and unanticipated cost-push shocks in the canonical New … anticipation of a future cost-push shock leads to a higher welfare loss than an unanticipated shock. A welfare gain from the … anticipation of a future cost shock may only occur if prices are sufficiently flexible. We analytically show that this surprising …
Persistent link: https://www.econbiz.de/10003794092
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Labor turnover costs, workers' heterogeneity and optimal monetary policy
Faia, Ester; Lechthaler, Wolfgang; Merkl, Christian - 2009
We study the design of optimal monetary policy in a New Keynesian model with labor turnover costs in which wages are set according to a right to manage bargaining where the firms' counterpart is given by currently employed workers. Our model captures well the salient features of European labor...
Persistent link: https://www.econbiz.de/10003864487
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Learning about monetary policy rules when the cost-channel matters
Llosa, Luis-Gonzalo; Tuesta R., Vicente - In: Journal of economic dynamics & control 33 (2009) 11, pp. 1880-1896
Persistent link: https://www.econbiz.de/10003888577
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The mechanics of price adjustment : new evidence on the (un)importance of menu costs
Chakrabarti, Rajesh; Scholnick, Barry - In: Managerial and decision economics : MDE ; the … 28 (2007) 7, pp. 657-668
Persistent link: https://www.econbiz.de/10003571060
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Prices rise faster than they fall
Peltzman, Sam - 2007
Persistent link: https://www.econbiz.de/10003572082
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"Learning about monetary policy rules when the cost channel matters"
Llosa, Gonzalo (contributor); Tuesta R., Vicente (contributor) - 2007
Persistent link: https://www.econbiz.de/10003512279
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Unit total costs : an alternative marginal cost proxy for inflation dynamics
Bratsiotis, George; Robinson, Wayne A. - 2014
Persistent link: https://www.econbiz.de/10011311419
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Why prices rise faster than they fall
Kimmel, Sheldon - 2009
Persistent link: https://www.econbiz.de/10009713639
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Determinants of "sticky costs" : an analysis of cost behavior using United States Air Transportation industry data
Cannon, James N. - In: The accounting review : a publication of the American … 89 (2014) 5, pp. 1645-1672
Persistent link: https://www.econbiz.de/10010428726
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Cost structure and sticky costs
Balakrishnan, Ramji; Labro, Eva; Soderstrom, Naomi Siegel - In: Journal of management accounting research : JMAR 26 (2014) 2, pp. 91-116
Persistent link: https://www.econbiz.de/10010480153