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Displaying results 1 to 6 of 6.

  1. Nonlinear dynamics in menu cost economies?
    evidence from U.S. data
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: 19 July 2024
    Publisher:  Centre for Economic Policy Research, London

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    Verlag (Deutschlandweit zugänglich)
    Verlag (Deutschlandweit zugänglich)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    Universitätsbibliothek Freiburg
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Location:
    Universitätsbibliothek Mannheim
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    Location:
    Universität Potsdam, Universitätsbibliothek
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19268
    Subjects: menu costs; inflation; fraction of price changes
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  2. Nonlinear dynamics in menu cost economies?
    evidence from U.S. data
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: July 2024
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 412
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Finance and economics discussion series ; 2024, 076
    Subjects: menu costs; inflation; fraction of price changes
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  3. Non-linear inflation dynamics in menu cost economies
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: January 2024
    Publisher:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 412
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    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Finance and economics discussion series ; 2024, 005
    Subjects: menu costs; inflation; Phillips curve
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  4. Nonlinear dynamics in menu cost economies?
    evidence from U.S. data
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: [2024]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    We show that standard menu cost models cannot simultaneously reproduce the dispersion in the size of micro-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the Golosov and... more

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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 253
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    We show that standard menu cost models cannot simultaneously reproduce the dispersion in the size of micro-price changes and the extent to which the fraction of price changes increases with inflation in the U.S. time-series. Though the Golosov and Lucas (2007) model generates fluctuations in the fraction of price changes, it predicts too little dispersion in the size of price changes and therefore little monetary nonneutrality. In contrast, versions of the model that reproduce the dispersion in the size of price changes and generate stronger monetary nonneutrality predict a nearly constant fraction of price changes.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2024, 11 (September 2024)
    Subjects: menu costs; inflation; fraction of price changes
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  5. Nonlinear inflation dynamics in menu cost economies
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: [2024]
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, GA

    Existing menu cost models, when parameterized to match the micro-price data, cannot reproduce the extent to which the fraction of price changes increases with inflation. In addition, in the presence of strategic complementarities, they predict... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 253
    Inter-library loan:
    No inter-library loan

     

    Existing menu cost models, when parameterized to match the micro-price data, cannot reproduce the extent to which the fraction of price changes increases with inflation. In addition, in the presence of strategic complementarities, they predict implausibly large menu costs and misallocation. We resolve these shortcomings using a multi-product menu cost model that features two key ingredients. First, the products sold by a firm are imperfect substitutes. Second, strategic complementarities are at the firm level, not the product level. In contrast to existing models, the fraction of price changes increases rapidly with the size of monetary shocks, so our model implies a nonlinear Phillips curve.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: Working paper series / Federal Reserve Bank of Atlanta ; 2024, 10 (September 2024)
    Subjects: menu costs; inflation; Phillips curve
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  6. Nonlinear dynamics in menu cost economies?
    evidence from U.S. data
    Author: Blanco, Andrés; Boar, Corina; Jones, Callum; Midrigan, Virgiliu
    Published: 19 July 2024
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (Deutschlandweit zugänglich)
    Verlag (Deutschlandweit zugänglich)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

    Location:
    Universität Potsdam, Universitätsbibliothek
    Inter-library loan:
    Unlimited inter-library loan, copies and loan
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19268
    Subjects: menu costs; inflation; fraction of price changes
    Scope: 1 Online-Ressource (circa 22 Seiten), Illustrationen