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Monetary Non-Neutrality in a Multi-Sector Menu Cost Model

Nakamura, Emi - 2009

Empirical evidence suggests that as much as 1/3 of the U.S. business cycle is due to nominal shocks. We calibrate a multi-sector menu cost model using new evidence on the cross-sectional distribution of the frequency and size of price changes in the U.S. economy. We augment the model to...

Persistent link: https://www.econbiz.de/10012766432

Intra-Regional Trade in Intermediate Goods and Macroeconomic Interdependence in East Asia

Vu, Tuan Khai - 2019

as follows. First, a positive USA output shock raises exports, imports and GDP in most of the East Asian countries, and … concentrated in intermediate goods. Second, an export shock of an East Asian country that raises its exports also raises its …

Persistent link: https://www.econbiz.de/10012861978

Structural Transformation, Services Deepening, and the Transmission of Monetary Policy

Galesi, Alessandro - 2016

shock. The changes in the responses of sectoral inflation rates are entirely driven by services deepening …

Persistent link: https://www.econbiz.de/10012986126

Aggregate fluctuations and the industry structure of the US economy

Caunedo, Julieta - In: European economic review : EER 129 (2020), pp. 1-22

Persistent link: https://www.econbiz.de/10012514861

Do Prices Rise Faster Than They Fall? Evidence From Scanner Data

Kim, In Kyung; Konings, Jozef; Lee, Jinhyuk - 2021

-through (ERPT) into consumer prices, even a year after the initial shock. This ERPT, however, is heterogeneous and depends on … product type (imported versus domestic), shock size, and retailer size. In particular, ERPT is higher for imported products …

Persistent link: https://www.econbiz.de/10013244573