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https://hdl.handle.net/10419/65749
Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Dixon, Huw David | en |
dc.date.accessioned | 2010-02-24 | - |
dc.date.accessioned | 2012-11-02T14:27:15Z | - |
dc.date.available | 2012-11-02T14:27:15Z | - |
dc.date.issued | 2009 | - |
dc.identifier.uri | http://hdl.handle.net/10419/65749 | - |
dc.description.abstract | This paper argues that the cross-sectional approach to durations is essential to understand nominal rigidity because this captures the fact that price-spells are generated by firms' price-setting behavior. Since the distribution of durations is dominated by a proliferation of short contracts, the cross-sectional measure corrects for this by length-biased sampling. Modelling the price-spell durations in this way enables us to see how Taylor, Calvo and their generalizations relate to each other, and enable us to compare price-setting behavior for a given distribution of durations. We also show how the micro-data can be directly related to the macroeconomic pricing models in this setting. | en |
dc.language.iso | eng | en |
dc.publisher | |aCardiff University, Cardiff Business School |cCardiff | en |
dc.relation.ispartofseries | |aCardiff Economics Working Papers |xE2009/20 | en |
dc.subject.jel | E50 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | price-spell | en |
dc.subject.keyword | steady state | en |
dc.subject.keyword | hazard rate | en |
dc.subject.keyword | Calvo | en |
dc.subject.keyword | Taylor | en |
dc.subject.stw | Preisrigidität | en |
dc.subject.stw | Lohnrigidität | en |
dc.subject.stw | Stationäre Volkswirtschaft | en |
dc.subject.stw | Preistheorie | en |
dc.subject.stw | Theorie | en |
dc.title | A unifed framework for understanding and comparing dynamic wage and price setting models | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 613124499 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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