MARC Record from Library of Congress

LEADER: 01743cam a22002777a 4500
001 2004620121
003 DLC
005 20130531100841.0
007 cr |||||||||||
008 040930s2003 ilu sb f000 0 eng
010 $a 2004620121
040 $aDLC$cDLC
050 00 $aHG2401
100 1 $aEichenbaum, Martin S.
245 10 $aEvaluating the Calvo model of sticky prices$h[electronic resource] /$cMartin Eichenbaum, Jonas D.M. Fisher.
260 $a[Chicago, Ill.] :$bFederal Reserve Bank of Chicago,$c[2003]
490 1 $aWorking paper series ;$vWP-2003-23
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 9/30/2004.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper studies the empirical performance of a widely used model of nominal rigidities: the Calvo model of sticky goods prices. We describe an extended version of this model with variable elasticity of demand of the dierentiated goods and imperfect capital mobility. We find little evidence against standard versions of the model without the extensions, but the estimated frequency of price adjustment is implausible. With the extended model the estimates are more reasonable. This is especially so if the sample is split to take into account a possible change in monetary regime around 1980"--Federal Reserve Bank of Chicago web site.
700 1 $aFisher, Jonas D. M.$q(Jonas Daniel Maurice),$d1965-
830 0 $aWorking paper series (Federal Reserve Bank of Chicago. Research Department : Online) ;$vWP-2003-23.
856 40 $uhttp://www.chicagofed.org/economic_research_and_data/wp_abstract.cfm?pubsID=579