Endogenous price stickiness and business cycle persistence

Journal of Money, Credit and Banking

Volumn 32, Issue 1, 2000, Pages 28-53

  Kiley, Michael T ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0034417841     PISSN: 00222879     EISSN: None     Source Type: Journal    
DOI: 10.2307/2601091     Document Type: Article

References (35)

1. Ahmed, Shaghil. "Wage Stickiness and the Non-neutrality of Money: A Cross Industry Analysis." Journal of Monetary Economics 20 (1987), 25-50.
2. Alberro, Jose. "The Lucas Hypothesis on the Phillips Curve: Further International Evidence." Journal of Monetary Economics 7 (1981), 239-62.
3. Andersen, Torben M. Price Rigidity: Causes and Macroeconomic Consequences. Oxford University Press, 1994.
4. Ball, Laurence, and N. Gregory Mankiw. "A Sticky Price Manifesto." Carnegie Rochester Conference Series on Public Policy 41 (1994), 127-51.
5. Ball, Laurence, N. Gregory Mankiw, and David Romer. "The New Keynesian Economics and the Output Inflation Trade-off." Brookings Papers on Economic Activity 1 (1988), 1-65.
6. Beveridge, Stephen, and Charles R. Nelson. "A New Approach to the Decomposition of Economic Time Series into Permanent and Transitory Components with Particular Attention to Measurement of the 'Business Cycle.'" Journal of Monetary Economics 7 (1981), 151-74.
7. Blanchard, Olivier-Jean, and Danny Quah. "The Dynamic Effects of Aggregate Demand and Supply Disturbances." American Economic Review 79 (September 1989), 655-73.
8. Bruno, Michael, and William Easterly. "Inflation Crises and Long-Run Growth." National Bureau of Economic Research Working paper 5209, 1995.
9. Caballero, Ricardo J. "Time Dependent Rules, Aggregate Stickiness, and Information Externalities." Columbia University Department of Economics Discussion Paper Series no. 428, 1989.
10. Caballero, Ricardo J., and Eduardo M.R.A. Engel. "Price Rigidities, Asymmetries, and Output Fluctuations." National Bureau of Economic Research Working Paper 4091, 1992.
11. _. "Microeconomic Rigidities and Aggregate Price Dynamics." European Economic Review 37 (1993), 697-727.
12. Calvo, Guillermo A. "Staggered Prices in a Utility-Maximizing Framework." Journal of Monetary Economics 12 (1983), 383-98.
13. Chari, V.V., Patrick J. Kehoe, and Ellen R. McGrattan. "Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?" National Bureau of Economic Research Working Paper 5809, 1996.
14. Cogley, Timothy, and James M. Nason. "Output Dynamics in Real Business Cycle Models." American Economic Review 85 (1995), 492-511.
15. Cooley, Thomas F., and Gary D. Hansen. "Money and the Business Cycle." In Frontiers of Business Cycle Research, edited by Thomas Cooley, pp. 175-216. Princeton University Press, 1995.
16. _. "Unanticipated Money Growth and the Business Cycle Reconsidered." Journal of Money, Credit, and Banking 29 (1997), 624-48.
17. DeFina, Robert H. "International Evidence on a New-Keynesian Theory of the Output-Inflation Trade-off." Journal of Money, Credit, and Banking 23 (1991), 410-22.
18. Fischer, Stanley. "On Activist Monetary Policy with Rational Expectations." In Rational Expectations and Economic Policy, edited by Stanley Fischer, pp. 211-47. University of Chicago Press, 1980.
19. Ghosal, Vivek, and Prakash Loungani. "Evidence on Nominal Wage Rigidity from a Panel of U.S. Manufacturing Industries." Journal of Money, Credit, and Banking 28 (1996), 650-68.
20. Hess, Gregory D., and Kwanhoo Shin. "Intranational Business Cycles in the United States." Federal Reserve Bank of Kansas City Research Working Paper 95-07, 1995.
21. Hume, David. "Of Money" (1752). As reproduced in Rotwein, Eugene. David Hume: Writings on Economics, 33-46. University of Wisconsin Press, 1955.
22. Kiley, Michael T. "Endogenous Price Stickiness and Business Cycle Persistence." Federal Reserve Board FEDS Working Paper 96-23, 1996.
23. _. "Staggered Price Setting and Real Rigidities." Federal Reserve Board FEDS Working Paper 1997-46, 1997.
24. Lucas, Robert E., Jr. "Expectations and the Neutrality of Money." Journal of Economic Theory 4 (1972), 103-24.
25. _. "Some International Evidence on Output Inflation Trade-offs." American Economic Review 63 (1973) 326-34.
26. _. "Understanding Business Cycles." In Stabilization of the Domestic and International Economy, edited by Karl Brunner and Allan Meltzer, pp. 7-29. North Holland, 1977.
27. _. Models of Business Cycles. Basil Blackwell, Inc.. 1987.
28. Romer, David. "Staggered Price Setting with Endogenous Frequency of Adjustment." Economics Letters 32 (1990), 205-10.
29. Rotemberg, Julio J. "The New Keynesian Microfoundations." National Bureau of Economic Research Macroeconomics Annual 1987 (1987), 69-104.
30. _ "Prices, Output, and Hours: An Empirical Analysis Based on a Sticky Price Model." Journal of Monetary Economics 37 (1996), 505-33.
31. Rotemberg, Julio J., and Michael Woodford. "Real Business Cycle Models and the Fore-castable Movements in Output, Hours, and Consumption." American Economic Review 86 (1996), 71-89.
32. Summers, Robert, and Alan Heston. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988." Quarterly Journal of Economics 106 (1991), 327-68.
33. Taylor, John B. "Aggregate Dynamics and Staggered Contracts." Journal of Political Economy. 88 (1980), 1-23.
34. _. Macroeconomic Policy in a World Economy. W.W. Norton and Company, 1993.
35. Walsh, Carl E. "Central Bank Independence and the Short-Run Output-Inflation Trade-off in the E.C." University of California at Berkeley Center for German and European Studies Working Paper #1.35 (1994).