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Price bargaining, the persistence puzzle, and monetary policy
Wesselbaum, Dennis - 2010
good inflation. In addition, the Ramsey optimal monetary policy can be approximated reasonably well with a Taylor …-type interest rate rule with weights on both inflation rates and output. -- Inflation and Output Persistence ; Monetary Policy …
Persistent link: https://www.econbiz.de/10003971894
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Nonuniform staggered prices and output persistence
Söderberg, Johan - In: Journal of money, credit and banking : JMCB 45 (2013) 6, pp. 1017-1044
Persistent link: https://www.econbiz.de/10010197537
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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 … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …
Persistent link: https://www.econbiz.de/10012721840
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Staggered Price Setting and Endogenous Persistence
Bergin, Paul R.; Feenstra, Robert C. - 2021
This paper generates persistent effects of a monetary disturbance in the context of staggered price-setters. Previous research has been restricted by the CES functional form to price-setting rules that are constant markups over marginal costs. The present paper considers a translog form for...
Persistent link: https://www.econbiz.de/10013236692
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David; Christiano, Lawrence J.; Lindé, Jesper; … - 2021
inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …
Persistent link: https://www.econbiz.de/10013245531
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David - 2005
inflation is inertial. Microeconomic data indicate that firms change prices frequently. We formulate and estimate a model which … resolves this apparent micro - macro conflict. Our model is consistent with post-war U.S. evidence on inflation inertia even …
Persistent link: https://www.econbiz.de/10012467653
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Inflation in Poland under state-dependent pricing
Baranowski, Paweł; Górajski, Mariusz; Malaczewski, Maciej - In: Ekonomický časopis : časopis pre ekonomickú … 64 (2016) 10, pp. 937-957
Persistent link: https://www.econbiz.de/10011658514
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Firm-Specific Capital, Nominal Rigidities and the Business Cycle
Altig, David; Christiano, Lawrence J.; Lindé, Jesper - 2010
substantial fraction of the cyclical variation in output and is consistent with the observed inertia in inflation. This is true …
Persistent link: https://www.econbiz.de/10014197143
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Staggered Price Setting and Endogenous Persistence
Bergin, Paul R.; Feenstra, Robert C. - 1998
This paper generates persistent effects of a monetary disturbance in the context of staggered price-setters. Previous research has been restricted by the CES functional form to price-setting rules that are constant markups over marginal costs. The present paper considers a translog form for...
Persistent link: https://www.econbiz.de/10014223595
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Strategic interaction among heterogenous price-setters in an estimated DSGE model
Coibion, Olivier; Gorodnichenko, Yuriy - 2008
Persistent link: https://www.econbiz.de/10003757075