Search Results

Showing results 1 to 10 of approximately 606.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:Prices 

Conference Paper
How should monetary policy respond to shocks while maintaining long-run price stability? Conceptual issues (commentary)

Proceedings - Economic Policy Symposium - Jackson Hole

Report
"Beggar-thy-neighbor" or "beggar-thyself"? the income effect of exchange rate fluctuations

This paper analyzes the impact of exchange rate fluctuations when they are only partially passed through to consumer prices. We show that an exchange rate depreciation does not necessarily have a beggar-thy-neighbor effect and may in fact have an opposite, or beggar-thyself, effect. The direction of the welfare effect depends on who owns the firms importing goods from producers and selling them to consumers, an issue that has not been explored in the earlier literature
Staff Reports , Paper 112

Working Paper
Wages and prices: an international comparison

Research Working Paper , Paper 87-06

Discussion Paper
A model of duopoly and meeting or beating competition

Research Papers in Banking and Financial Economics , Paper 87

Journal Article
Evaluating McCallum's rule for monetary policy

Business Review , Issue Jan , Pages 3-14

Report
Understanding international prices: customers as capital

This paper develops a theory of pricing-to-market driven by marketing and bargaining frictions. Our key innovation is a capital theoretic model of marketing in which relations with customers are valuable. In our model, producers search and form long-lasting relations with their customers, and marketing helps overcome the search frictions involved in forming such matches. In the context of international business cycle patterns, the model accounts for observations that are puzzles for a large class of theories: (i) pricing-to-market, (ii) positive correlation of aggregate real export and import ...
Staff Report , Paper 411

Working Paper
Discretionary monetary policy in the Calvo model

We study discretionary equilibrium in the Calvo pricing model for a monetary authority that chooses the money supply. The steady-state inflation rate is above 8 percent for a baseline calibration, but it varies substantially with alternative structural parameter values. If the initial condition involves inflation higher than steady state, discretionary policy generates an immediate drop in inflation followed by a gradual increase to the steady state. Unlike the two-period Taylor model, discretionary policy in the Calvo model does not accommodate predetermined prices in a way that inevitably ...
Working Paper , Paper 11-03

Working Paper
Incomplete information and self-fulfilling prophecies

This paper shows that incomplete information can be a rich source of sunspots equilibria. This is demonstrated in a standard dynamic general equilibrium model of monopolistic competition ? la Dixit-Stiglitz. In the absence of fundamental shocks, the model has a unique certainty (fundamental) equilibrium, but there are also multiple stochastic (sunspots) equilibria that are not mere randomizations over fundamental equilibria. In other words, sunspots can exist in infinite-horizon dynamic models with a unique saddle path steady state. In contrast to the recent sunspots literature (e.g., ...
Working Papers , Paper 2007-033

Working Paper
The timing of consumer arrivals in Edgeworth's duopoly model

In his classic Papers relating to Political Economy (1897), Francis Edgeworth demonstrated that when duopolists have limited productive capacity, there may be no Nash equilibrium in prices. One feature of Edgeworth's model is that consumers are assumed to meet with the duopolists at the same time. ; This paper analyzes a version of the Edgeworth model in which consumers arrive sequentially instead of simultaneously. This departure from Edgeworth's framework should seem reasonable since there are few markets besides auctions in which buyers all meet with sellers at the same time. ; The point ...
International Finance Discussion Papers , Paper 328

Journal Article
Are options on treasury bond futures price efficiently?

Review , Volume 66 , Issue Jan , Pages 5-13

FILTER BY year

FILTER BY Series

Working Papers 66 items

Finance and Economics Discussion Series 48 items

Working Paper Series 35 items

Economic Review 34 items

Review 33 items

Proceedings - Economic Policy Symposium - Jackson Hole 32 items

show more (55)

FILTER BY Content Type

Working Paper 256 items

Journal Article 224 items

Conference Paper 65 items

Report 30 items

Speech 17 items

Discussion Paper 10 items

show more (3)

FILTER BY Author

anonymous 30 items

Wolman, Alexander L. 12 items

Glick, Reuven 9 items

Rogers, John H. 9 items

Dudley, William 7 items

Engel, Charles 7 items

show more (495)

FILTER BY Jel Classification

E31 3 items

E01 2 items

E30 2 items

F14 2 items

D24 1 items

E20 1 items

show more (16)

FILTER BY Keywords

Prices 606 items

Inflation (Finance) 114 items

Monetary policy 100 items

Foreign exchange rates 29 items

Econometric models 28 items

Wages 28 items

show more (295)

PREVIOUS / NEXT