Search Results - subject:"Sticky Price Model"

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The effects of uncertainty shocks : implications of wealth inequality

Chikhale, Nisha - In: European economic review : EER 154 (2023), pp. 1-15

Persistent link: https://www.econbiz.de/10014438283

Sticky price models of the business cycle : can the roundabout production solve the persistence puzzle?

El Omari, Salaheddine - In: Economics letters 160 (2017), pp. 67-72

Persistent link: https://www.econbiz.de/10011903754

The Real Exchange Rate and Real Interest Differentials: The Role of the Trend-Cycle Decomposition

Wada, Tatsuma - Volkswirtschaftliche Fakultät, … - 2011

We propose an alternative model and method to reconcile the puzzling feature in the relationship between the real exchange rate and real interest rate differentials. Our simple two-country model with preset prices, along with firms’ misperception about the future exchange rate, implies that...

Persistent link: https://www.econbiz.de/10011258827

Monetary policy, inflation expectations and the price puzzle

Castelnuovo, Efrem; Surico, Paolo - Suomen Pankki - 2009

with a weak interest rate response to inflation. Using pseudo data generated by a sticky price model of the US economy, we …

Persistent link: https://www.econbiz.de/10008509439

Hump-shaped Behavior of Inflation and Dynamic Externality

Tsuruga, Takayuki - Econometric Society - 2004

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A standard New Keynesian (NK) model is augmented so as to include dynamic externality with sticky wages and variable capital utilization. In our analysis, we assume purely...

Persistent link: https://www.econbiz.de/10005342361

Stock Prices and the Exchange Rate in a Monetary Model: A ARDL Bounds Testing Approach Using South African Data

Dube, Smile - In: The African Finance Journal 10 (2008) 1, pp. 1-27

We investigate the empirical validity of the monetary model of the exchange rate (Rand/Dollar=ZAR/$ ) using a technique (ARDL Bounds test) capable of testing for the existence of a long-run relationship regardless of whether the underlying time series are individually I(I) or I(0). Monetary...

Persistent link: https://www.econbiz.de/10008503566

Modelling and Forecasting the Metical-Rand Exchange Rate

Zita, Samuel; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2007

This paper investigates the ability of the Dornbusch (1976) sticky- price model for the nominal metical-rand exchange … (VEC) models, and models capturing alternative forms of the Efficient Market Hypothesis (EMH) of exchange rates, the sticky-price … model performs way poorer. Overall, the Bayesian VEC models (BVECMs), with relatively tight priors, are best suited for …

Persistent link: https://www.econbiz.de/10005773184