메뉴 건너뛰기




Volumn 52, Issue 6, 2005, Pages 1073-1088

Habit formation and the persistence of monetary shocks

Author keywords

Endogenous persistence; Habit formation; Monetary policy

Indexed keywords


EID: 27744510493     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2005.08.009     Document Type: Article
Times cited : (50)

References (26)
  • 1
    • 27744440181 scopus 로고    scopus 로고
    • Labor Market Frictions and the Dynamics of Postwar Business Cycles
    • Université du Québec à Montréal, Mimeo
    • Ambler, S., Guay, A., Phaneuf, L., 2003. Labor Market Frictions and the Dynamics of Postwar Business Cycles. Université du Québec à Montréal, Mimeo.
    • (2003)
    • Ambler, S.1    Guay, A.2    Phaneuf, L.3
  • 2
    • 0003774576 scopus 로고
    • Constant returns and small markups in US manufacturing
    • International Finance Discussion Paper 483
    • Basu, S., Fernald, J., 1994. Constant returns and small markups in US manufacturing. International Finance Discussion Paper 483.
    • (1994)
    • Basu, S.1    Fernald, J.2
  • 4
    • 0002236527 scopus 로고    scopus 로고
    • Staggered price setting, translog preferences and endogenous persistence
    • P. Bergin R. Feenstra Staggered price setting, translog preferences and endogenous persistence Journal of Monetary Economics 45 2000 657-680
    • (2000) Journal of Monetary Economics , vol.45 , pp. 657-680
    • Bergin, P.1    Feenstra, R.2
  • 5
    • 4544260608 scopus 로고    scopus 로고
    • Some evidence on the importance of sticky prices
    • M. Bils P.J. Klenow Some evidence on the importance of sticky prices Journal of Political Economy 112 2004 947-985
    • (2004) Journal of Political Economy , vol.112 , pp. 947-985
    • Bils, M.1    Klenow, P.J.2
  • 6
    • 0000174465 scopus 로고
    • The solution of linear difference models under rational expectations
    • O.J. Blanchard C.M. Kahn The solution of linear difference models under rational expectations Econometrica 48 1980 1305-1311
    • (1980) Econometrica , vol.48 , pp. 1305-1311
    • Blanchard, O.J.1    Kahn, C.M.2
  • 8
    • 27744475404 scopus 로고    scopus 로고
    • Habit Formation and the Persistence of Monetary Shocks
    • Université de Montréal, Mimeo
    • Bouakez, H., Cardia, E., Ruge-Murcia, F.J., 2003. Habit Formation and the Persistence of Monetary Shocks. Université de Montréal, Mimeo.
    • (2003)
    • Bouakez, H.1    Cardia, E.2    Ruge-Murcia, F.J.3
  • 9
    • 0000499151 scopus 로고
    • Staggered prices in a utility maximization framework
    • G. Calvo Staggered prices in a utility maximization framework Journal of Monetary Economics 12 1983 983-998
    • (1983) Journal of Monetary Economics , vol.12 , pp. 983-998
    • Calvo, G.1
  • 10
    • 46149138983 scopus 로고
    • The frequency of price adjustment: A study of the newsstand prices of magazines
    • S.G. Cechetti The frequency of price adjustment: A study of the newsstand prices of magazines Journal of Econometrics 31 1986 255-274
    • (1986) Journal of Econometrics , vol.31 , pp. 255-274
    • Cechetti, S.G.1
  • 11
    • 0001682128 scopus 로고    scopus 로고
    • Sticky price models of the business cycle: Can the contract multiplier solve the persistence problem
    • V. Chari P. Kehoe E. McGrattan Sticky price models of the business cycle: Can the contract multiplier solve the persistence problem Econometrica 68 2000 1151-1179
    • (2000) Econometrica , vol.68 , pp. 1151-1179
    • Chari, V.1    Kehoe, P.2    McGrattan, E.3
  • 13
    • 2142660648 scopus 로고    scopus 로고
    • An econometric US business cycle model with nominal and real rigidities
    • Working Paper 137, Université du Québec à Montréal
    • Dib, A., Phaneuf, L., 2001. An econometric US business cycle model with nominal and real rigidities. Working Paper 137, Université du Québec à Montréal.
    • (2001)
    • Dib, A.1    Phaneuf, L.2
  • 14
    • 0004086771 scopus 로고    scopus 로고
    • Pricing, production and persistence
    • NBER Working Paper 8407
    • Dotsey, M., King, R.G., 2001. Pricing, production and persistence. NBER Working Paper 8407.
    • (2001)
    • Dotsey, M.1    King, R.G.2
  • 15
    • 0001332822 scopus 로고    scopus 로고
    • Habit formation in consumption and its implications for monetary-policy models
    • J. Fuhrer Habit formation in consumption and its implications for monetary-policy models American Economic Review 90 2000 367-390
    • (2000) American Economic Review , vol.90 , pp. 367-390
    • Fuhrer, J.1
  • 17
    • 0033211941 scopus 로고    scopus 로고
    • Inflation dynamics: A structural econometric analysis
    • J. Gali M. Gertler Inflation dynamics: A structural econometric analysis Journal of Monetary Economics 44 1999 195-222
    • (1999) Journal of Monetary Economics , vol.44 , pp. 195-222
    • Gali, J.1    Gertler, M.2
  • 18
    • 0003496383 scopus 로고    scopus 로고
    • Recursive Linear Models of Dynamic Economies
    • University of Chicago, Mimeo
    • Hansen, L.P., Sargent, T.J., 1998. Recursive Linear Models of Dynamic Economies. University of Chicago, Mimeo.
    • (1998)
    • Hansen, L.P.1    Sargent, T.J.2
  • 19
    • 0000900299 scopus 로고
    • An empirical investigation of asset pricing with temporally dependent preference specifications
    • J. Heaton An empirical investigation of asset pricing with temporally dependent preference specifications Econometrica 63 1995 681-717
    • (1995) Econometrica , vol.63 , pp. 681-717
    • Heaton, J.1
  • 20
    • 0002874054 scopus 로고    scopus 로고
    • Sticky price models of the business cycle: Specification and stability
    • P. Ireland Sticky price models of the business cycle: Specification and stability Journal of Monetary Economics 47 2001 3-18
    • (2001) Journal of Monetary Economics , vol.47 , pp. 3-18
    • Ireland, P.1
  • 21
    • 0000278184 scopus 로고    scopus 로고
    • Asset pricing in production economies
    • U.J. Jermann Asset pricing in production economies Journal of Monetary Economics 41 1998 257-275
    • (1998) Journal of Monetary Economics , vol.41 , pp. 257-275
    • Jermann, U.J.1
  • 22
    • 27144499387 scopus 로고
    • Sticky prices: New evidence from retail catalogs
    • A.K. Kashyap Sticky prices: New evidence from retail catalogs Quarterly Journal of Economics 110 1995 245-274
    • (1995) Quarterly Journal of Economics , vol.110 , pp. 245-274
    • Kashyap, A.K.1
  • 23
    • 0001661028 scopus 로고    scopus 로고
    • Constructing and estimating a realistic optimizing model of monetary policy
    • J. Kim Constructing and estimating a realistic optimizing model of monetary policy Journal of Monetary Economics 45 2000 329-359
    • (2000) Journal of Monetary Economics , vol.45 , pp. 329-359
    • Kim, J.1
  • 25
    • 77956774759 scopus 로고    scopus 로고
    • Staggered prices and wage setting in macroeconomics
    • J.B. Taylor M. Woodford (Eds) North-Holland Amsterdam
    • J.B. Taylor Staggered prices and wage setting in macroeconomics in: J.B. Taylor M. Woodford (Eds) Handbook of Macroeconomics 1999 North-Holland Amsterdam 1009-1050
    • (1999) Handbook of Macroeconomics , pp. 1009-1050
    • Taylor, J.B.1
  • 26
    • 0030119294 scopus 로고    scopus 로고
    • Nominal price rigidity, Money supply endogeneity, and business cycles
    • T. Yun Nominal price rigidity, Money supply endogeneity, and business cycles Journal of Monetary Economics 37 1996 345-370
    • (1996) Journal of Monetary Economics , vol.37 , pp. 345-370
    • Yun, T.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.