Showing 1 - 10 of 31
This paper deals with the analysis of price-setting in U.S. manufacturing industries. Recent studies have heavily criticized the ability of the New Keynesian Phillips curve (NKPC) to fit aggregate infl ation [see, e.g., Rudd and Whelan, 2006, Can Rational Expectations Sticky-Price Models Explain...
Persistent link: https://www.econbiz.de/10013111734
This paper deals with the analysis of price-setting in U.S. manufacturing industries. Recent studies have heavily criticized the ability of the New Keynesian Phillips curve (NKPC) to fit aggregate inflation [see, e.g., Rudd and Whelan, 2006, Can Rational Expectations Sticky-Price Models Explain...
Persistent link: https://www.econbiz.de/10013112462
Persistent link: https://www.econbiz.de/10013348608
Persistent link: https://www.econbiz.de/10013422949
This paper examines the nexus between news coverage on inflation and households' inflation expectations. In doing so, we test the epidemiological foundations of the sticky information model (Carroll, 2003, 2006). We use both aggregate and household-level data from the Survey Research Center at...
Persistent link: https://www.econbiz.de/10013105114
Persistent link: https://www.econbiz.de/10010197535
This paper proposes a novel and flexible framework to estimate autoregressive models with time-varying parameters. Our setup nests various adaptive algorithms that are commonly used in the macroeconometric literature, such as learning-expectations and forgetting-factor algorithms. These are...
Persistent link: https://www.econbiz.de/10011380995
This paper proposes a novel and flexible framework to estimate autoregressive models with time-varying parameters. Our setup nests various adaptive algorithms that are commonly used in the macroeconometric literature, such as learning-expectations and forgetting-factor algorithms. These are...
Persistent link: https://www.econbiz.de/10011099069
This paper proposes a novel and flexible framework to estimate autoregressive models with time-varying parameters. Our setup nests various adaptive algorithms that are commonly used in the macroeconometric literature, such as learning-expectations and forgetting-factor algorithms. These are...
Persistent link: https://www.econbiz.de/10011031488
Persistent link: https://www.econbiz.de/10015210290