'Price stickiness' presentation slideshows

National Bank of Belgium 12-13 October, 2006

Inflation persistence and price setting behaviour in the euro area Frank Smets European Central Bank. National Bank of Belgium 12-13 October, 2006. Introduction. Aim of this presentation Summary of current knowledge on inflation persistence and price setting behaviour in the euro area

564 views • 45 slides

National Bank of Belgium 12-13 October, 2006

Inflation persistence and price setting behaviour in the euro area Frank Smets European Central Bank. National Bank of Belgium 12-13 October, 2006. Introduction. Aim of this presentation Summary of current knowledge on inflation persistence and price setting behaviour in the euro area

557 views • 45 slides

National Bank of Belgium 12-13 October, 2006

Inflation persistence and price setting behaviour in the euro area Frank Smets European Central Bank. National Bank of Belgium 12-13 October, 2006. Introduction. Aim of this presentation Summary of current knowledge on inflation persistence and price setting behaviour in the euro area

454 views • 45 slides

ACADEMY OF ECONOMIC STUDIES BUCHAREST DOCTORAL SCHOOL OF FINANCE AND BANKING

ACADEMY OF ECONOMIC STUDIES BUCHAREST DOCTORAL SCHOOL OF FINANCE AND BANKING. INFLATION DYNAMICS IN ROMANIA: A NEW KEYNESIAN PHILLIPS CURVE APPROACH. Student: Razvan Radu Supervisor: Professor Moisa Altar. Bucharest July 2006. Contents. Objectives Literature review The Model

481 views • 33 slides

Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity

Chapter 11 Keynesianism: The Macroeconomics of Wage and Price Rigidity. I. Real-Wage Rigidity (Sec. 11.1). A) Wage rigidity is important in explaining unemployment 1. In the classical model, unemployment is due to mismatches 2. Keynesians :recessions lead to substantial cyclical employment

1.01k views • 15 slides

Discussion of:

Discussion of:. Reconciling micro-data and macro estimates of price stickiness Discussant: Iulia Pasa. Summary. Reconcile the micro data on price setting with estimates from a macro model. The Calvo framework is extensively used in many DSGE models.

204 views • 11 slides

247 views • 6 slides