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EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/38984
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Dixon, Huw David | | en_US |
| dc.date.accessioned | | 2010-06-28 | | en_US |
| dc.date.accessioned | | 2010-08-18T11:19:07Z | | - |
| dc.date.available | | 2010-08-18T11:19:07Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/38984 | | - |
| dc.description.abstract | | This paper develops a statistical framework of steady-state identities which enable us to match the distributions of durations found in the micro-data to generalized Taylor and Calvo models of time-dependent pricing. We illustrate the approach with the UK micro CPI data for 2006-2009, and employ the pricing models in a simple macromodel. We find that the Generalized Taylor Economy generates a hump shaped response function, whilst the Generalized Calvo does not. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | CESifo München | | en_US |
| dc.relation.ispartofseries | | CESifo working paper Monetary Policy and International Finance 3093 | | en_US |
| dc.subject.jel | | E50 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | price-spell | | en_US |
| dc.subject.keyword | | steady state | | en_US |
| dc.subject.keyword | | hazard rate | | en_US |
| dc.subject.keyword | | Calvo | | en_US |
| dc.subject.keyword | | Taylor | | en_US |
| dc.subject.stw | | Preisrigidität | | en_US |
| dc.subject.stw | | Lohnrigidität | | en_US |
| dc.subject.stw | | Stationäre Volkswirtschaft | | en_US |
| dc.subject.stw | | Preistheorie | | en_US |
| dc.subject.stw | | Mikrodaten | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | A Unified framework for using micro-data to compare dynamic wage and price setting models | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 630131147 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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