1.
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Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persiste[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when pric[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends t[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output [...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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