메뉴 건너뛰기




Volumn 55, Issue 2, 2008, Pages 365-382

Dynamic pricing and imperfect common knowledge

Author keywords

Dynamic price setting; Idiosyncratic marginal cost; Inflation inertia; Private information; Sticky prices

Indexed keywords


EID: 44449103181     PISSN: 03043932     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jmoneco.2007.12.008     Document Type: Article
Times cited : (94)

References (29)
  • 1
    • 33847645917 scopus 로고    scopus 로고
    • Optimal monetary policy with imperfect common knowledge
    • Adam K. Optimal monetary policy with imperfect common knowledge. Journal of Monetary Economics 54 2 (2007) 276-301
    • (2007) Journal of Monetary Economics , vol.54 , Issue.2 , pp. 276-301
    • Adam, K.1
  • 2
    • 44449117823 scopus 로고    scopus 로고
    • Alvarez, L.J., Dhyne, E., Hoeberichts, M.M., Kwapil, C., Le Bihan, H., Lunneman, P., Martins, F., Sabbatini, R., Stahl, H., Vermeulen, P., Vilmunen, J., 2005. Sticky price in the Euro area: a summary of new micro evidence. ECB Working Paper Series No. 563.
    • Alvarez, L.J., Dhyne, E., Hoeberichts, M.M., Kwapil, C., Le Bihan, H., Lunneman, P., Martins, F., Sabbatini, R., Stahl, H., Vermeulen, P., Vilmunen, J., 2005. Sticky price in the Euro area: a summary of new micro evidence. ECB Working Paper Series No. 563.
  • 3
    • 44449154165 scopus 로고    scopus 로고
    • Public and private information in monetary policy models
    • Amato J., and Shin H.S. Public and private information in monetary policy models. Economic Theory 27 (2006) 213-224
    • (2006) Economic Theory , vol.27 , pp. 213-224
    • Amato, J.1    Shin, H.S.2
  • 4
    • 44449148159 scopus 로고    scopus 로고
    • Aucremanne, L., Dhyne, E., 2004. How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI. ECB Working Paper 331.
    • Aucremanne, L., Dhyne, E., 2004. How frequently do prices change? Evidence based on the micro data underlying the Belgian CPI. ECB Working Paper 331.
  • 5
    • 4544260608 scopus 로고    scopus 로고
    • Some evidence on the importance of sticky prices
    • Bils M., and Klenow P.J. 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
    • 48749143178 scopus 로고
    • Staggered prices in a utility-maximizing framework
    • Calvo G.A. Staggered prices in a utility-maximizing framework. Journal of Monetary Economics 12 3 (1983) 383-398
    • (1983) Journal of Monetary Economics , vol.12 , Issue.3 , pp. 383-398
    • Calvo, G.A.1
  • 8
    • 15844392342 scopus 로고    scopus 로고
    • Nominal rigidities and the dynamic effects of a shock to monetary policy
    • Christiano L.J., Eichenbaum M., and Evans C. Nominal rigidities and the dynamic effects of a shock to monetary policy. Journal of Political Economy 113 (2005) 1-45
    • (2005) Journal of Political Economy , vol.113 , pp. 1-45
    • Christiano, L.J.1    Eichenbaum, M.2    Evans, C.3
  • 10
    • 0033211941 scopus 로고    scopus 로고
    • Inflation dynamics: a structural econometric analysis
    • Gali J., and Gertler M. 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
  • 12
    • 44449162418 scopus 로고    scopus 로고
    • Hellwig, C., 2004. The social cost of heterogenous information. Mimeo UCLA.
    • Hellwig, C., 2004. The social cost of heterogenous information. Mimeo UCLA.
  • 13
    • 44449106443 scopus 로고    scopus 로고
    • Klenow, P.J., Kryvtsov, O., 2004. State-dependent or time-dependent pricing: Does it matter for recent U.S. inflation? NBER Working Paper 11043.
    • Klenow, P.J., Kryvtsov, O., 2004. State-dependent or time-dependent pricing: Does it matter for recent U.S. inflation? NBER Working Paper 11043.
  • 14
    • 44449123457 scopus 로고    scopus 로고
    • Lorenzoni, G., 2007. News shocks and optimal monetary policy. NBER Working Paper 12898.
    • Lorenzoni, G., 2007. News shocks and optimal monetary policy. NBER Working Paper 12898.
  • 15
    • 49649131398 scopus 로고
    • Expectations and the neutrality of money
    • Lucas Jr. R.E. Expectations and the neutrality of money. Journal of Economic Theory 4 (1972) 103-124
    • (1972) Journal of Economic Theory , vol.4 , pp. 103-124
    • Lucas Jr., R.E.1
  • 16
    • 0000085909 scopus 로고
    • Some international evidence on output-inflation trade offs
    • Lucas Jr. R.E. Some international evidence on output-inflation trade offs. American Economic Review 63 (1973) 326-334
    • (1973) American Economic Review , vol.63 , pp. 326-334
    • Lucas Jr., R.E.1
  • 17
    • 80052036526 scopus 로고
    • An equilibrium model of the business cycle
    • Lucas Jr. R.E. An equilibrium model of the business cycle. Journal of Political Economy 83 (1975) 1113-1144
    • (1975) Journal of Political Economy , vol.83 , pp. 1113-1144
    • Lucas Jr., R.E.1
  • 18
    • 44449101013 scopus 로고    scopus 로고
    • Mackowiak, B., Wiederholt, M., 2005. Optimal sticky prices under rational inattention. Mimeo, Humboldt University.
    • Mackowiak, B., Wiederholt, M., 2005. Optimal sticky prices under rational inattention. Mimeo, Humboldt University.
  • 19
    • 0036867964 scopus 로고    scopus 로고
    • Sticky Information vs. sticky prices: a proposal to replace the New Keynesian Phillips curve
    • Mankiw G., and Reis R. Sticky Information vs. sticky prices: a proposal to replace the New Keynesian Phillips curve. Quarterly Journal of Economics 117 (2002) 1295-1328
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 1295-1328
    • Mankiw, G.1    Reis, R.2
  • 20
    • 0242642941 scopus 로고    scopus 로고
    • Firm wage differentials in a competitive industry: some matched panel evidence
    • Martins P.S. Firm wage differentials in a competitive industry: some matched panel evidence. International Journal of Manpower 24 (2003) 336-346
    • (2003) International Journal of Manpower , vol.24 , pp. 336-346
    • Martins, P.S.1
  • 21
    • 0013082741 scopus 로고    scopus 로고
    • Social value of public information
    • Morris S., and Shin H.S. Social value of public information. American Economic Review 92 (2002) 1521-1534
    • (2002) American Economic Review , vol.92 , pp. 1521-1534
    • Morris, S.1    Shin, H.S.2
  • 22
    • 44449122151 scopus 로고    scopus 로고
    • Nakamura, E., Steinsson, J., 2007. Five facts about prices: a reevaluation of menu cost models. Mimeo, Harvard University.
    • Nakamura, E., Steinsson, J., 2007. Five facts about prices: a reevaluation of menu cost models. Mimeo, Harvard University.
  • 23
    • 44449136338 scopus 로고    scopus 로고
    • OECD, 1997. Economic performance and the structure of collective bargaining. In: OECD Employment Outlook, July 1997. OECD, Paris.
    • OECD, 1997. Economic performance and the structure of collective bargaining. In: OECD Employment Outlook, July 1997. OECD, Paris.
  • 24
    • 0002212842 scopus 로고
    • Introduction: the new microeconomics in employment and inflation theory
    • Phelps E.S., et al. (Ed), Norton, New York
    • Phelps E.S. Introduction: the new microeconomics in employment and inflation theory. In: Phelps E.S., et al. (Ed). Microeconomic Foundations of Employment and Inflation Theory (1970), Norton, New York
    • (1970) Microeconomic Foundations of Employment and Inflation Theory
    • Phelps, E.S.1
  • 25
    • 0038521562 scopus 로고    scopus 로고
    • Implications of rational inattention
    • Sims C.A. Implications of rational inattention. Journal of Monetary Economics 50 (2003) 665-690
    • (2003) Journal of Monetary Economics , vol.50 , pp. 665-690
    • Sims, C.A.1
  • 26
    • 77957241272 scopus 로고    scopus 로고
    • An estimated dynamic stochastic general equilibrium model for the Euro area
    • Smets F., and Wouters R. An estimated dynamic stochastic general equilibrium model for the Euro area. Journal of the European Economic Association 1 (2002) 1123-1175
    • (2002) Journal of the European Economic Association , vol.1 , pp. 1123-1175
    • Smets, F.1    Wouters, R.2
  • 28
    • 13444277466 scopus 로고    scopus 로고
    • Imperfect common knowledge and the effects of monetary policy
    • Aghion P., Frydman R., Stiglitz J., and Woodford M. (Eds), Princeton University Press, Princeton
    • Woodford M. Imperfect common knowledge and the effects of monetary policy. In: Aghion P., Frydman R., Stiglitz J., and Woodford M. (Eds). Knowledge, Information, and Expectations in Modern Macroeconomics: In Honour of Edmund S. Phelps (2002), Princeton University Press, Princeton
    • (2002) Knowledge, Information, and Expectations in Modern Macroeconomics: In Honour of Edmund S. Phelps
    • Woodford, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.