This paper uses the log t test to analyse the convergence of house prices across UK regions and the presence of … spillovers e ects. We nd that UK house prices can be grouped into four clusters. Moreover we document the dynamics of the house … price spillovers across regions. …

study the implications of heterogeneity in forecasts of the central bank and private agents for the performance of interest …

typical estimations. In this paper, we show how heterogeneity in pricing behavior is relevant to both questions. We detail the … data, can be fully attributable to a heterogeneity bias. …

paper analyzes monetary policy shocks in a DSGE model with firm-level heterogeneity. The model is calibrated to retail price …

the equilibrium real rate. I demonstrate that in the New Keynesian model, once heterogeneity is introduced, raising the … average markup lowering the equilibrium real rate by household heterogeneity, which could come from overlapping generations or …

study from a learning perspective the implications of heterogeneity across forecasts by the central bank and private agents …

the equilibrium real rate. I demonstrate that in the New Keynesian model, once heterogeneity is introduced, raising the … average markup lowering the equilibrium real rate by household heterogeneity, which could come from overlapping generations or …

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent …) framework by incorporating heterogeneity in nominal wage setting behavior among households. We solve this DSGE model and … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent …) framework by incorporating heterogeneity in nominal wage setting behavior among households. We solve this DSGE model and … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …