Showing 1 - 10 of 135
Persistent link: https://www.econbiz.de/10012093756
Persistent link: https://www.econbiz.de/10012002591
type="main" <p>We study micro price dynamics and their macroeconomic implications using daily scanner data from 1988 to 2013. We provide five facts. First, posted prices in Japan are ten times as flexible as those in the US scanner data. Second, regular prices are almost as flexible as those in the...</p>
Persistent link: https://www.econbiz.de/10011035747
Persistent link: https://www.econbiz.de/10014537410
Persistent link: https://www.econbiz.de/10011972081
Persistent link: https://www.econbiz.de/10011972086
Persistent link: https://www.econbiz.de/10011972091
Persistent link: https://www.econbiz.de/10012191301
Persistent link: https://www.econbiz.de/10012087521
The quantitative significance of shocks to the financial intermediary (FI) has not received much attention up to now. We estimate a DSGE model with what we describe as chained credit contracts, using Bayesian technique. In the model, credit-constrained FIs intermediate funds from investors to...
Persistent link: https://www.econbiz.de/10010573999