The Magnitude of Menu Costs: A Structural Estimation
نویسندگان
چکیده
منابع مشابه
Menu Costs and the Neutrality of Money
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This paper develops a model of a monetary economy in which individual firms are subject to idiosyncratic productivity shocks as well as general inflation. Sellers can change price only by incurring a real “menu cost.” We calibrate this cost and the variance and autocorrelation of the idiosyncratic shock using a new U.S. data set of individual prices due to Klenow and Kryvtsov. The prediction of...
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Today, great observatories around the world, devote a substantial amount of observing time to sky surveys. The resulted images are inputs of source finder modules. These modules search for the target objects and provide us with source catalogues. We sought to quantify the ability of detection tools in recovering faint galaxies regularly encountered in deep surveys. Our approach was based on com...
متن کاملMENU COSTS AND PHILLIPS CURVES Mikhail
We have benefitted from discussions with Ariel Burstein, Ricardo Caballero, V.V. Chari, Larry Christiano, Larry Jones, Boyan Jovanovic, Patrick Kehoe, Timothy Kehoe, Bob King, Pete Klenow, Oleksiy Kryvtsov, Ellen McGrattan, Thomas Philippon, Thomas Sargent, Nancy Stokey, Julia Thomas, and Aleh Tsyvinski. Participants in seminars at Chicago, Minnesota, the Federal Reserve Bank of Minneapolis, th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2364519