Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/38984
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Dixon, Huw David | en |
dc.date.accessioned | 2010-06-28 | - |
dc.date.accessioned | 2010-08-18T11:19:07Z | - |
dc.date.available | 2010-08-18T11:19:07Z | - |
dc.date.issued | 2010 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x3093 | 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 | Mikrodaten | en |
dc.subject.stw | Theorie | en |
dc.title | A Unified framework for using micro-data to compare dynamic wage and price setting models | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 630131147 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.