past reset prices and that the composition depends on the price reset hazard function. The derivation of the generalized … NKPC links those compostion effects to the hazard function, so that only aggregate data is needed to extract information … about the price reset hazard function. The empirical hazard function is generally increasing with the age of prices, but …

-period-Taylor-contract hazard function he chose that gives rise to this result. In contrast, an empirically-based aggregate … price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …

past reset prices and that the composition depends on the price reset hazard function. The derivation of the generalized … NKPC links those compostion effects to the hazard function, so that only aggregate data is needed to extract information … about the price reset hazard function. The empirical hazard function is generally increasing with the age of prices, but …

-varying. Based on micro data from the Swiss CPI, the paper finds that in order to resolve the downward bias of the hazard function …

-period-Taylor-contract hazard function he chose that gives rise to this result. In contrast, an empirically-based aggregate … price reset hazard function can generate simulated data that are consistent with inflation gap persistence found in US CPI …