Search Results - subject:"Hazard function"

Induced-Innovation and Invasive Species Management

Kim, C.S.; Schaible, Glenn D.; Lewandrowski, Jan - Agricultural and Applied Economics Association - AAEA - 2010

Public policy for managing invasive species has largely focused on preventive measures prior to detection (stage 1) and on the use of chemical/mechanical or biological control measures after the establishment and dispersion of the invasive species (stage 2). Optimal management policy depends...

Persistent link: https://www.econbiz.de/10009020529

The cost of tractability and the Calvo pricing assumption

Yao, Fang - 2009

dynamics. I derive a generalized New Keynesian Phillips curve featuring a generalized hazard function, non-zero steady state …

Persistent link: https://www.econbiz.de/10010270701

Real and nominal rigidities in price setting: A bayesian analysis using aggregate data

Yao, Fang - 2009

that a constant hazard function is easily rejected by the data. The empirical hazard function for post-1983 periods in the …

Persistent link: https://www.econbiz.de/10010270713

Non-constant hazard function and inflation dynamics

Yao, Fang - 2009

This paper explores implications of nominal rigidity characterized by a non-constant hazard function for aggregate … dynamics. I derive the NKPC under an arbitrary hazard function and parameterize it with the Weibull duration model. The … numerical evaluation shows that the increasing hazard function leads to hump-shaped impulse responses of inflation to monetary …

Persistent link: https://www.econbiz.de/10010270718

Time-dependent pricing and New Keynesian Phillips curve

Yao, Fang - 2009

.I derive a generalized NKPC in an optinizing model with the non- constant hazard function and trend inflation. Memory emerges … effects of the increasing hazard function on the inflation dynamics . The model can jointly account for persistent dynamics of …

Persistent link: https://www.econbiz.de/10010298755