@techreport{Mayer2006Price,
abstract = {This paper explores whether the cost channel solves the price puzzle.
We set-up a New Keynesian DSGE model and estimate it for the euro area
by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost channel helps to generate an initial rise of inflation after a monetary
contraction.},
author = {Eric Mayer and Oliver H\"{u}lsewig and Steffen Henzel and Timo Wollmersh\"{a}user},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E32; C51; E31; 330; Price puzzle; New Keynesian model; cost channel; minimum distance estimation; Transmissionsmechanismus , Inflation , Geldpolitik , Schock , Ungleichgewichtstheorie , Theorie , Sch\"{a}tzung , EU-Staaten},
language = {eng},
number = {74},
title = {The Price Puzzle Revisited : Can the Cost Channel explain a Rise in Inflation after a Monetary Shock?},
type = {W\"{u}rzburg economic papers},
url = {http://hdl.handle.net/10419/22367},
year = {2006}
}
