Narrow search
Showing 1 - 10 of 388,200
Cover Image
Heterogeneous consumers, segmented asset markets, and the effects of monetary policy
Enders, Zeno - 2010
line with empirical evidence, the model predicts a short-term inflation-output trade-off, a liquidity effect …
Persistent link: https://www.econbiz.de/10003954132
Cover Image
Inflation and the great moderation : evidence from a large panel data set
Karras, Georgios - In: International journal of economic sciences and applied … 6 (2013) 3, pp. 7-19
inflation and inflation volatility. Using annual data from 1970 to 2011 for a large panel of 180 developed and developing … empirical findings show that the effect of inflation volatility is positive, while the effect of trend inflation is negative …. The implication is that reduced inflation volatility (holding trend inflation constant) helps stabilize the business cycle …
Persistent link: https://www.econbiz.de/10010346738
Cover Image
Firm Dynamics, Markup Variations, and the Business Cycle
Jaimovich, Nir - 2009
volatility of exogenous shocks in the U.S. economy and (ii) the magnification of shocks over the business cycle …
Persistent link: https://www.econbiz.de/10013158836
Cover Image
Markup Variation and Endogenous Fluctuations in the Price of Investment Goods
Floetotto, Max - 2009
The two sector model presented in this note suggests a simple structural decomposition of movements in the price of investment goods into exogenous and endogenous sources. The endogenous fluctuations arise in the presence of countercyclical markups which vary differently across the consumption...
Persistent link: https://www.econbiz.de/10013158887
Cover Image
Endogenous Growth, Monetary Shocks and Nominal Rigidities
Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010
: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10010343890
Cover Image
Markup Cycles, Dynamic Misallocation, and Amplification
Opp, Marcus M. - 2014
We develop a tractable dynamic general equilibrium model of oligopolistic competition with a continuum of heterogeneous industries. Industries are exposed to aggregate and industry-specific productivity shocks. Firms in each industry set value-maximizing state-contingent markups, taking as given...
Persistent link: https://www.econbiz.de/10013051129
Cover Image
Customer Capital, Markup Cyclicality, and Amplification
Hong, Sungki - 2019
amplifies both the volatility and persistence of the aggregate productivity shocks driving the business cycle …
Persistent link: https://www.econbiz.de/10013210491
Cover Image
Customer capital, markup cyclicality, and amplification
Hong, Sungki - 2017
amplifies both the volatility and persistence of the aggregate productivity shocks driving the business cycle …
Persistent link: https://www.econbiz.de/10011782627
Cover Image
The Markup Elasticity of Monetary Non-Neutrality
Höynck, Christian; Li, Minghao; Zhang, Donghai - 2022
Firms’ market power, measured by markups, has risen substantially and unequally across sectors. To evaluate the implications of these trends for monetary non-neutrality, we develop a quantitative menu cost model that covers multiple sectors with heterogeneous degrees of market competition. Two...
Persistent link: https://www.econbiz.de/10014237117
Cover Image
Can the Great Moderation Explain the Lower Output Volatility across the World?
Coric, Bruno - 2011
preceding the outbreak of the financial crisis in August 2007, caused a relatively low output volatility in other national … economies. The results of the time series analysis of 97 developed and developing countries suggest that low output volatility … in the United States is not likely to be the main source of low output volatility across the world in this period …
Persistent link: https://www.econbiz.de/10013133375