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dc.contributor.authorMayer, Ericen
dc.contributor.authorHülsewig, Oliveren
dc.contributor.authorHenzel, Steffenen
dc.contributor.authorWollmershäuser, Timoen
dc.date.accessioned2009-01-29T14:57:34Z-
dc.date.available2009-01-29T14:57:34Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/22367-
dc.description.abstractThis 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.en
dc.language.isoengen
dc.publisher|aUniversity of Würzburg, Department of Economics |cWürzburgen
dc.relation.ispartofseries|aW.E.P. - Würzburg Economic Papers |x74en
dc.subject.jelE32en
dc.subject.jelC51en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordPrice puzzleen
dc.subject.keywordNew Keynesian modelen
dc.subject.keywordcost channelen
dc.subject.keywordminimum distance estimationen
dc.subject.stwTransmissionsmechanismusen
dc.subject.stwInflationen
dc.subject.stwGeldpolitiken
dc.subject.stwSchocken
dc.subject.stwUngleichgewichtstheorieen
dc.subject.stwTheorieen
dc.subject.stwSchätzungen
dc.subject.stwEU-Staatenen
dc.titleThe Price Puzzle Revisited: Can the Cost Channel explain a Rise in Inflation after a Monetary Shock?-
dc.typeWorking Paperen
dc.identifier.ppn543511154en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:wuewep:74en

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