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Holiday price regidity and cost of price adjustment

Levy, Daniel C. (contributor) - 2009

, become more urgent during holidays. As a result, the holiday-period opportunity cost of price adjustment may increase … argue that these findings are best explained by higher price adjustment costs (menu cost) the retailers face during the … holiday period price rigidity. -- Price Rigidity ; Cost of Price Adjustment ; Menu Cost ; Holiday Period ; Asymmetric Price …

Persistent link: https://www.econbiz.de/10003817308

Asymmetric price adjustment: cross-industry evidence

Gwin, Carl R. - In: Southern economic journal 76 (2009) 1, pp. 249-265

Persistent link: https://www.econbiz.de/10003880421

Price rigidities and the granular origins of aggregate fluctuations

Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2017 - This version: August 2017

We study the aggregate implications of sectoral shocks in a multi-sector New Keynesian model featuring sectoral heterogeneity in price stickiness, sector size, and input-output linkages. We calibrate a 341 sector version of the model to the United States. Both theoretically and empirically,...

Persistent link: https://www.econbiz.de/10011717236

Optimal trend inflation

Adam, Klaus; Weber, Henning - 2018

Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically different predictions for the optimal inflation rate than their popular homogenous-firm counterparts: (1) the optimal steady-state inflation rate generically differs from zero and...

Persistent link: https://www.econbiz.de/10011845313

Optimal trend inflation

Adam, Klaus; Weber, Henning - 2017

We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...

Persistent link: https://www.econbiz.de/10011755763

Price rigidities and the granular origins of aggregate fluctuations

Pasten, Ernesto; Schoenle, Raphael; Weber, Michael - 2017

Persistent link: https://www.econbiz.de/10011732756

Optimal trend inflation

Adam, Klaus; Weber, Henning - 2017

We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends. Aggregating the model in closed form, we show that it delivers radically different predictions for the optimal inflation rate than canonical sticky price models featuring homogenous...

Persistent link: https://www.econbiz.de/10011712837

Asymmetries, outliers and structural stability in the US gasoline market

Bagnai, Alberto; Mongeau Ospina, Christian Alexander - In: Energy economics 69 (2018), pp. 250-260

Persistent link: https://www.econbiz.de/10011941284

CONDI : a cost-of-nominal-distortions index

Eusepi, Stefano (contributor); Hobijn, Bart (contributor); … - 2009

We construct a price index with weights for the prices of different PCE (personal consumption expenditures) goods chosen to minimize the welfare costs of nominal distortions. In this cost-of-nominal-distortions index (CONDI), the weights are computed in a multi-sector New Keynesian model with...

Persistent link: https://www.econbiz.de/10003812575

Inventories and real rigidities in new Keynesian business cycle models

Kryvtsov, Oleksiy; Midrigan, Virgiliu - 2009

Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle. We...

Persistent link: https://www.econbiz.de/10003823132

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