Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174451
Authors: 
Kochen, Federico
Year of Publication: 
2016
Series/Report no.: 
Working Papers, Banco de México 2016-21
Abstract: 
In this paper I use novel micro data underlying the Mexican CPI to establish stylized facts about prices in the Mexican economy. I then analyze the implications and consistency of the empirical results for the degree of monetary non-neutrality generated in both time and state-dependent pricing models. I find that the real effects of monetary shocks importantly depend on the type of nominal rigidity considered and on the treatment of sales in the statistics that are calibrated into the models.
Subjects: 
Price Micro Data
Price Rigidity
Menu Cost Models
JEL: 
E30
E31
E32
Document Type: 
Working Paper
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