Search Results - subject:"Menu Cost Models"

Price-setting in Mexico and the real effects of monetary shocks

Kochen, Federico - 2016

In this paper I use novel micro data underlying the Mexican CPI to establish stylized facts about prices in the Mexican economy. I then analyze the implications and consistency of the empirical results for the degree of monetary non-neutrality generated in both time and state-dependent pricing...

Persistent link: https://www.econbiz.de/10011788945

Price-setting in Mexico and the real effects of monetary shocks

Kochen, Federico - 2016

Persistent link: https://www.econbiz.de/10011568470

Why has Japan failed to escape from deflation?

Watanabe, Kota; Watanabe, Tsutomu - In: Asian economic policy review : AEPR 13 (2018) 1, pp. 23-41

Persistent link: https://www.econbiz.de/10011972081

Multi-Sector Menu Cost Model, Decreasing Hazard, and Phillips Curve

Enomoto, Hidetaka - Bank of Japan - 2007

This paper generalizes the Golosov-Lucas model (GL model), a single sector menu cost model with idiosyncratic productivity shocks, to multisector setting. While the GL model matches some empirical facts, it cannot mimic decreasing hazard functions for price changes, which are observed in many...

Persistent link: https://www.econbiz.de/10010894602

Inflation, Price Dispersion, and Market Structure

Caglayan, Mustafa; Filiztekin, Alpay; Rauh, Michael T. - Department of Business Economics and Public Policy, … - 2006

In this paper, we use a unique micro-level data set from Istanbul to investigate the empirical relationship between inflation and price dispersion. In particular, our data set includes price observations from three distinct store types: bakkals (convenience stores), pazars (bazaars), and...

Persistent link: https://www.econbiz.de/10005220019

Market Structure, Inflation, and Price Dispersion

Caglayan, Mustafa; Filiztekin, Alpay; Rauh, Michael T. - Department of Economics, Leicester University - 2004

all of the basic and market structure predictions. Keywords: inflation, market structure, menu cost models, micro panel … literature consists of static equilibrium search models, menu cost models, signal extraction models, and the information …, and search costs; and 1 predictions of static equilibrium search models, menu cost models, and signal ex- traction models …

Persistent link: https://www.econbiz.de/10005230661

Market Structure, Inflation, and Price Dispersion

Caglayan, Mustafa; Filiztekin, Alpay; Rauh, Michael T. - Regional and International Economic Development Group, … - 2003

Persistent link: https://www.econbiz.de/10005577736