Add to ORKGThis paper presents a re-formulated version of a canonical sticky-price model that has been extended to account for variations over time in the central bank’s inflation tar-get. We derive a closed-form solution for the model, and analyze its properties under various parameter values. The model is used to explore topics relating to the eects of disinflationary monetary policies and inflation persistence. In particular, we employ the model to illustrate and assess the critique that standard sticky-price models generate counterfactual predictions for the eects of monetary policy
This paper examines the impact of sticky price and limited participation frictions, both separately ...
In this paper we show that the highly persistent inflation dynamics and its lead-lag re-lationship w...
Abstract. We analyze a sticky price model where firms choose a price plan, namely a set of two price...
This paper presents a re-formulated version of a canonical sticky-price model that has been extended...
An important trend in macroeconomic research in recent years involves the increased use of optimizat...
A wrong model can lead to a wrong conclusion. The failure to capture inflation dy-namics has made th...
Using a partial equilibrium framework, Mankiw and Reis [2002] show that a sticky information model c...
We present a sticky price model that features the coexistence of many price changes, most of which a...
"Using a partial equilibrium framework, Mankiw and Reis show that a sticky information model can gen...
Woodford for comments on an earlier draft. This paper examines a model of dynamic price adjustment b...
This paper examines a model of dynamic price adjustment based on the assumption that information dis...
We show that the choice of model periodicity can be of crucial importance for the degree of inflatio...
This paper contributes to the address of two questions emphasized in the recent literature on models...
Research on monetary policy, both at academic and monetary policy institutions, has increasingly bee...
Understanding the relationship between nominal and real variables, most notably inflation and cyclic...
This paper examines the impact of sticky price and limited participation frictions, both separately ...
In this paper we show that the highly persistent inflation dynamics and its lead-lag re-lationship w...
Abstract. We analyze a sticky price model where firms choose a price plan, namely a set of two price...
This paper presents a re-formulated version of a canonical sticky-price model that has been extended...
An important trend in macroeconomic research in recent years involves the increased use of optimizat...
A wrong model can lead to a wrong conclusion. The failure to capture inflation dy-namics has made th...
Using a partial equilibrium framework, Mankiw and Reis [2002] show that a sticky information model c...
We present a sticky price model that features the coexistence of many price changes, most of which a...
"Using a partial equilibrium framework, Mankiw and Reis show that a sticky information model can gen...
Woodford for comments on an earlier draft. This paper examines a model of dynamic price adjustment b...
This paper examines a model of dynamic price adjustment based on the assumption that information dis...
We show that the choice of model periodicity can be of crucial importance for the degree of inflatio...
This paper contributes to the address of two questions emphasized in the recent literature on models...
Research on monetary policy, both at academic and monetary policy institutions, has increasingly bee...
Understanding the relationship between nominal and real variables, most notably inflation and cyclic...
This paper examines the impact of sticky price and limited participation frictions, both separately ...
In this paper we show that the highly persistent inflation dynamics and its lead-lag re-lationship w...
Abstract. We analyze a sticky price model where firms choose a price plan, namely a set of two price...