Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/38984
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dc.contributor.authorDixon, Huw Daviden_US
dc.date.accessioned2010-06-28en_US
dc.date.accessioned2010-08-18T11:19:07Z-
dc.date.available2010-08-18T11:19:07Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/38984-
dc.description.abstractThis 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_US
dc.language.isoengen_US
dc.publisher|aCenter for Economic Studies and Ifo Institute (CESifo) |cMunichen_US
dc.relation.ispartofseries|aCESifo working paper Monetary Policy and International Finance |x3093en_US
dc.subject.jelE50en_US
dc.subject.ddc330en_US
dc.subject.keywordprice-spellen_US
dc.subject.keywordsteady stateen_US
dc.subject.keywordhazard rateen_US
dc.subject.keywordCalvoen_US
dc.subject.keywordTayloren_US
dc.subject.stwPreisrigiditäten_US
dc.subject.stwLohnrigiditäten_US
dc.subject.stwStationäre Volkswirtschaften_US
dc.subject.stwPreistheorieen_US
dc.subject.stwMikrodatenen_US
dc.subject.stwTheorieen_US
dc.titleA Unified framework for using micro-data to compare dynamic wage and price setting modelsen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn630131147en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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