Inflation inertia in sticky information models

Contributions to Macroeconomics

Volumn 6, Issue 1, 2006, Pages

  Coibion, Olivier ^a  

^a UNIVERSITY OF MICHIGAN   (United States)

Author keywords

Inflation Inertia; Sticky Information

Indexed keywords

EID: 33750175244     PISSN: 15346005     EISSN: 15346005     Source Type: Journal    
DOI: 10.2202/1534-6005.1374     Document Type: Article

References (24)

1. Andres, Javier, David Lopez-Salido, and Edward Nelson. 2005. "Sticky-Price Models and the Natural Rate Hypothesis." Journal of Monetary Economics. Vol. 52, #5. 1025-1053.
2. Calvo, Guillermo A. 1983. "Staggered Prices in a Utility-Maximizing Framework," Journal of Monetary Economics. Vol. 12, September. 383-398.
3. Carroll, Christopher D. 2003. "Macroeconomic Expectations of Households and Professional Forecasters." Quarterly Journal of Economics. Vol. 188, #1.269-298.
4. Christiano, Lawrence, Martin Eichenbaum, and Charles Evans. 2005. "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy." Journal of Political Economy, Vol. 113, #1. 1-45.
5. Coibion, Olivier. 2005. "Empirical Evidence on the Sticky Information Phillips Curve." Mimeo.
6. Collard, Fabrice and Harris Dellas. 2004. "Sticky Price versus Sticky Information: A Horse Race." Mimeo.
7. Dupor, Bill and Takayuki Tsuruga. 2005. "Sticky Information: The Impact of Different Updating Assumptions." Journal of Money, Credit, and Banking. Vol. 37, #6. 1143-1152.
8. Fischer, Stanley. 1977. "Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule." Journal of Political Economy. Vol. 85, #1. 191-205.
9. Fuhrer, Jeffrey C. and Glenn D. Rudebusch. 2004. "Estimating the Euler Equation for Output." Journal of Monetary Economics. Vol.51. 1133-1153.
10. Gali, Jordi and Mark Gertler. 1999. "Inflation dynamics: a structural econometric analysis." Journal of Monetary Economics. Vol.44. 195-222.
11. Keen, Benjamin D. 2004. "Sticky Price and Sticky Information Price Setting Models: What is the Difference?" Mimeo.
12. Khan, Hashmat and Zhenhua Zhu. 2002. "Estimates of the Sticky-Information Phillips Curve for the United States, Canada, and the United Kingdom." Bank of Canada Working Paper 2002-19.
13. Kiley, Michael T. 2005. "A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting." Mimeo.
14. Kimball, Miles. 1995. "The Quantitative Analytics of the Basic Neomonetarist Model." Journal of Money, Credit, and Banking. Vol. 27, #4, Part 2. 1241-1277.
15. Korenok, Oleg and Norman R. Swanson. 2004. "How Sticky is Sticky Enough? A Distributional and Impulse Response Analysis of New Keynesian DSGE models." Mimeo.
16. Mankiw, N. Gregory and Ricardo Reis. 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," Quarterly Journal of Economics. Vol. 117, #4. 1295-1328.
17. - and -. 2003. "A Model of Monetary Non-neutrality and Structural Slumps," in Knowledge. Information, and Expectations in Modern Macroeconomics: In Honor of Edmund Phelps, ed. by P. Aghion, R. Frydman, J. Stiglitz, and M. Woodford, Princeton University Press.
18. _ and _. 2005. "Pervasive Stickiness." Mimeo.
19. Reis, Ricardo. 2004. "Inattentive Consumers." NBER Working Paper 10883.
20. _. 2005. "Inattentive Producers." Forthcoming in the Review of Economic Studies.
21. Taylor, John B. 1993. "Discretion versus Policy Rules in Practice," Carnegie Rochester Conference Series on Public Policy. Vol.39. Pp.195-214.
22. Trabandt, Mathias. 2005. "Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework." Mimeo.
23. Woodford, Michael. 2001. "Imperfect Common Knowledge and the Effects of Monetary Policy" in Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund Phelps, ed. by P. Aghion, R. Frydman, J. Stiglitz, and M. Woodford, Princeton University Press.
24. Woodford, Michael. 2003. Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton: Princeton University Press.