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dc.contributor.authorAlvarez González, Luis Juliánen_US
dc.date.accessioned2009-01-28T15:06:15Z-
dc.date.available2009-01-28T15:06:15Z-
dc.date.issued2008en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 2 2008-19 1-36 doi:10.5018/economics-ejournal.ja.2008-19-
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2008-19-
dc.identifier.urihttp://hdl.handle.net/10419/18032-
dc.description.abstractThis paper surveys the current state of global empirical research on price setting behaviour at the firm level to evaluate the adequacy of pricing models used in the macro literature. To that end, it analyses the implications of 25 theoretical models (sticky information, menu costs, time dependent, costs of adjustment and customer anger models) in terms of their ability to match the key micro stylised facts. It is found that the explanatory power differs considerably across models and that many popular models are at odds with the main micro features, suggesting the need to further refine modelling strategies.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.subject.jelE31en_US
dc.subject.jelD40en_US
dc.subject.ddc330en_US
dc.subject.keywordPricing modelsen_US
dc.subject.keywordmicro dataen_US
dc.subject.keywordPhillips Curveen_US
dc.subject.keywordhazard rateen_US
dc.subject.keywordtime dependenten_US
dc.subject.keywordmenu costsen_US
dc.subject.keywordsticky informationen_US
dc.subject.stwNew-Keynesian Phillips Curveen_US
dc.subject.stwBetriebliche Preispolitiken_US
dc.subject.stwPreisstatistiken_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleWhat Do Micro Price Data Tell Us on the Validity of the New Keynesian Phillips Curve?en_US
dc.typeArticleen_US
dc.identifier.ppn56979093Xen_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifweej:7332-
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