Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65804 
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dc.contributor.authorDixon, Huwen
dc.contributor.authorKara, Enginen
dc.date.accessioned2012-05-07-
dc.date.accessioned2012-11-02T14:28:57Z-
dc.date.available2012-11-02T14:28:57Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/65804-
dc.description.abstractWe estimate and compare two models, the Generalized Taylor Economy (GTE) and the Multiple Calvo model (MC), that have been built to model the distributions of contract lengths observed in the data. We compare the performances of these models to those of the standard models such as the Calvo and its popular variant, using the ad hoc device of indexation. The estimations are made with Bayesian techniques for the US data. The results indicate that the data strongly favour the GTE.en
dc.language.isoengen
dc.publisher|aCardiff University, Cardiff Business School |cCardiffen
dc.relation.ispartofseries|aCardiff Economics Working Papers |xE2012/8en
dc.subject.jelE32en
dc.subject.jelE52en
dc.subject.jelE58en
dc.subject.ddc330en
dc.subject.keywordDSGE modelsen
dc.subject.keywordCalvoen
dc.subject.keywordTayloren
dc.subject.keywordprice-settingen
dc.titleTaking multi-sector dynamic general equilibrium models to the data-
dc.typeWorking Paperen
dc.identifier.ppn71531002Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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