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On the role of heuristics : experimental evidence on inflation dynamics

Lambsdorff, Johann; Schubert, Manuel; Giamattei, Marcus - In: Journal of economic dynamics & control 37 (2013) 6, pp. 1213-1229

Persistent link: https://www.econbiz.de/10009740438

Kinked demand curves, the natural rate hypothesis, and macroeconomic stability

Kurozumi, Takushi; Van Zandweghe, Willem - In: Review of economic dynamics 20 (2016), pp. 240-257

Persistent link: https://www.econbiz.de/10011635808

Labor cost pass-through to producer prices in Denmark

Hviid, Simon Juul; Renkin, Tobias - 2020

We estimate the pass-through of a cost-push wage shock to producer prices of firms in Denmark. We deal with the endogeneity of wages by using an identification strategy based on variation in the estimated outside option of workers within an industry. Our results suggest that the pass-through...

Persistent link: https://www.econbiz.de/10012389899

Some Implications of Micro Price-Setting Evidence for Inflation Dynamics and Monetary Transmission

Dedola, Luca; Gautier, Erwan; Nakov, Anton; Santoro, Sergio - 2023

Analysis Network (PRISMA) for inflation dynamics and monetary policy, relying on calibrated models and direct empirical …. Empirical estimates of the Phillips curve during the low-inflation period confirm previous findings of a relatively flat but … setting, changes in trend inflation above 5-6% would have significant effects on the euro area Phillips curve. Similarly …

Persistent link: https://www.econbiz.de/10014353271

Price setting on the two sides of the atlantic : evidence from supermarket-scanner data

Karadi, Peter; Amann, Jurgen; Bachiller, Javier Sánchez; … - 2023

Persistent link: https://www.econbiz.de/10014297083

Sticky prices and volatile output : or when is a Phillips curve not a Phillips curve?

Ellison, Martin - 1998

Persistent link: https://www.econbiz.de/10000669789

Phillips-curve dynamics : mark-up cyclicality, effective hours and regime-dependency

McAdam, Peter (contributor); Willman, Alpo (contributor) - 2007

This paper re-examines the validity of the Phillips-Curve framework using US data. We make three main innovations. First, we introduce into the well-known Calvo price staggering framework, a regime-dependent price-changing signal. This means that a state-dependent linearization is no longer...

Persistent link: https://www.econbiz.de/10003486501

Macroeconomic consequences of sticky prices and sticky information

Kitamura, Tomiyuki - 2008

Persistent link: https://www.econbiz.de/10011390011

Heterogeneity in wage setting behavior in a New-Keynesian Model

Eijffinger, Sylvester C. W.; Grajales Olarte, Anderson; … - 2015

Persistent link: https://www.econbiz.de/10011350047

A detailed derivation of the sticky price and sticky information new Keynesian DSGE model

Menz, Jan-Oliver; Vogel, Lena - 2009

This paper aims at providing macroeconomists with a detailed exposition of the New Keynesian DSGE model. Both the sticky price version and the sticky information variant are derived mathematically. Moreover, we simulate the models, also including lagged terms in the sticky price version, and...

Persistent link: https://www.econbiz.de/10010425864