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https://hdl.handle.net/10419/22367
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Mayer, Eric | en |
dc.contributor.author | Hülsewig, Oliver | en |
dc.contributor.author | Henzel, Steffen | en |
dc.contributor.author | Wollmershäuser, Timo | en |
dc.date.accessioned | 2009-01-29T14:57:34Z | - |
dc.date.available | 2009-01-29T14:57:34Z | - |
dc.date.issued | 2006 | - |
dc.identifier.uri | http://hdl.handle.net/10419/22367 | - |
dc.description.abstract | This 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.iso | eng | en |
dc.publisher | |aUniversity of Würzburg, Department of Economics |cWürzburg | en |
dc.relation.ispartofseries | |aW.E.P. - Würzburg Economic Papers |x74 | en |
dc.subject.jel | E32 | en |
dc.subject.jel | C51 | en |
dc.subject.jel | E31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Price puzzle | en |
dc.subject.keyword | New Keynesian model | en |
dc.subject.keyword | cost channel | en |
dc.subject.keyword | minimum distance estimation | en |
dc.subject.stw | Transmissionsmechanismus | en |
dc.subject.stw | Inflation | en |
dc.subject.stw | Geldpolitik | en |
dc.subject.stw | Schock | en |
dc.subject.stw | Ungleichgewichtstheorie | en |
dc.subject.stw | Theorie | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | EU-Staaten | en |
dc.title | The Price Puzzle Revisited: Can the Cost Channel explain a Rise in Inflation after a Monetary Shock? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 543511154 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:wuewep:74 | en |
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