Price Rigidities
Re examination of Kinked Demand Oligopoly Market: Theory, Evidence and Policy Implications from Lakshadweep
... for price rigidities of kinked demand oligopoly market and attempted to correlate the menu cost model and the fillips curve, In order to make a theoretical validation of this kinked demand theory the ...
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Volume 06 Issue 05: (2017) Sep.-Oct.2017
... nominal rigidities are amplified by other ...real rigidities in themselves do not represent a barrier to perfect nominal ...real rigidities that explains the business cycle mechanism ...real ...
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Market dependent production set
... factor-price rigidities are introduced, possibly due to international capital mobility, the responsiveness of general equilibrium output supplies to changes in commodity prices becomes more pronounced in ...
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Rigidities and adjustments of daily prices to costs : evidence from supermarket data
... There is a small previous literature on nominal price rigidities in Colombia. To our knowl- edge the first paper in this area is Jaramillo and Cerquera (1999), which provides evidence in support of the menu ...
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Deep Habits, Nominal Rigidities and Interest Rate Rules
... of price stickiness, the economy runs into a region of indeterminacy even when nominal interest rate is adjusting more than one-for-one with ...no price rigidities, for the case of ρ = ...
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Bayesian Analysis of DSGE Models with Regime Switching
... I estimate DSGE models with recurring regime changes in monetary policy (inflation target and reaction coefficients), technology (growth rate and volatil- ity), and/or nominal price rigidities. In the ...
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Price-setting behaviour in Switzerland: Evidence from CPI micro data
... The price of crude oil responds promptly to market conditions, and changes in the price of crude oil are transmitted rapidly to the price of fuels or heating ...the price of which does not ...
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Credit market imperfections, nominal rigidities, and business cycles
... ters 2 and 3, Chapter 4 directly highlights the role of endogenous agency costs. As pointed out by Bernanke et al. (1999) and Carlstrom and Fuerst (2001), for exam- ple, when one studies the role of endogenous agency ...
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Technology and regulation as determinants of employment rigidities and wage inequality
... 00001t tif TECHNOLOGY AND REGULATION AS DETERMINANTS OF EMPLOYMENT RIGIDITIES AND WAGE INEQUALITY Thesis submitted for the degree of Ph D in Economics, Candidate Maarten Goos Supervisor Professor Alan[.] ...
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Institutional rigidities and employment rigidity on the Italian labour larket
... Our indicator for the overall economic variance the real GDP shows a structural change in 1990:2, corresponding to an increased variance.6 We find structural changes in 1992 for the emplo[r] ...
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ECONOMY OPENNESS AS AN IMPORTANT FACTOR TO OVERCOME SLOW ECONOMIC GROWTH IN THE WESTERN BALKAN COUNTRIES
... and rigidities, business environment complexities, lack of competitiveness, lack of demand on the world markets for their local products, reduced trade in general, limited access to funding, reduced direct foreign ...
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Note on nominal rigidities and news driven business cycles
... Positive comovements of consumption, labor, investment, and output occur t = 0, 1, 2, and 3, but these variables drop t = 4 since the news turns out to be false. Therefore, NDBCs are generated in the baseline model. ...
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The Price Of Memories
... the price of a digital camera based on a set of attributes, as well as to identify the attributes/ variables that significantly contribute to its price ...is Price (US dollars); independent variables ...
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Influence of the Elastic Modulus of the Soil and Concrete Foundation on the Displacements of a Mat Foundation
... In this paper, we suggest to study the behavior of a mat foundation on subsoil from the plate theory taking into account the soil-structure interaction. The objective is to highlight the soil-structure interaction ...
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Robust Monetary Policy in An Uncertain Economic Environment: Evidence from Tunisian Economy
... The motivation for including inertia is largely empirical and justified theoretically with an assumption that a fixed proportion of firms has backward-looking price setting behaviour. Empirically, the adequacy of ...
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Interacting nominal and real labour market rigidities
... The results of this note suggest three conclusions on the interaction of nominal and real labour market rigidity: (1) Costs of nominal and real inertia depend on the policy regime: nominal wage inertia can be costly ...
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Changes in nominal rigidities in Poland – a regime switching DSGE perspective
... Dynamic stochastic general equilibrium models (DSGE) are the cornerstone of modern macroeconomics. These models have traditionally been based on microeco- nomic assumptions on the intertemporal optimizing behaviors of ...
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Information and Communication Technologies, Market Rigidities and Growth: Implications for EU Policies
... market rigidities for new technologies diffusion is still ...market rigidities do have a cost in terms of economic growth via lower ICT ...market rigidities and the contribution of ICT to GDP ...
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Micro level Rigidity vs Macro level Flexibility: Lessons from Finland
... Since downward wage rigidities mean that wage change distributions become asymmetric by shifting the negative nominal and real wage changes upward in the distribution, it means that the [r] ...
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Flexibility versus Stability: A difficult trade off in the eurozone CEPS Working Document No 422, 29 April 2016
... Things are very different, however, when shocks are temporary. In that case, it can be argued that flexibility is not necessary. In fact it can even be harmful. Take the case of business cycle movements. When these are ...
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