Fed in Print
All Title Author Abstract Keywords
Bank Series Content Type Author JEL Classification Keyword

Conference Paper

On implications of micro price data for macro models - comments


Abstract: The author discusses: the challenges the wealth of micro-data has posed to macroeconomists and some of the progress made to address these; the fact that an important number of price changes in the data are temporary discounts (sales); and the complicated mapping from the frequency of price adjustment to the degree of monetary non-neutrality in economies that explicitly model price stickiness as arising from menu costs.

Keywords: Unemployment; Phillips curve; Inflation (Finance);

Access Documents

File(s): File format is text/html https://www.bostonfed.org/news-and-events/events/economic-research-conference-series/understanding-inflation-and-the-implications-for-monetary-policy-a-phillips-curve-retrospective.aspx

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Boston

Part of Series: Conference Series ; [Proceedings]

Publication Date: 2008

Note: Complete conference proceedings can be ordered from MIT Press.