Book ChapterDOI
Outstanding Issues in the Analysis of Inflation
William T. Dickens
- pp 447-456
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The article was published on 2009-09-11. It has received 57 citations till now. The article focuses on the topics: Inflation.read more
Citations
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Journal ArticleDOI
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve
TL;DR: The authors review the main identification strategies and empirical evidence on the role of expectations in the New Keynesian Phillips curve, paying particular attention to the issue of weak identi cies and weak identici cies.
Journal ArticleDOI
Commodity Liquidity Measurement and Transaction Costs
TL;DR: In this article, the authors examined the performance of liquidity proxies in commodities and found that the Amihud measure has the largest correlation with liquidity benchmarks and the Effective Tick measure also performed well, while Splitting trades over one hour can reduce trading costs by two-thirds compared to an immediate execution.
Journal ArticleDOI
Commodity Prices, Convenience Yields, and Inflation
Nikolay Gospodinov,Serena Ng +1 more
TL;DR: This paper showed that the two leading principal components in a panel of 23 commodity convenience yields have statistically and quantitatively important predictive power for inflation even after controlling for unemployment gap and oil prices.
Journal ArticleDOI
The Role of Liquidity in Financial Crises
TL;DR: In this article, the authors use insights from the academic literature on crises to understand the role of liquidity in the current crisis and focus on four crucial features of the crisis that they argue are related to liquidity provision.
Journal ArticleDOI
Liquidity Commonality in Commodities
TL;DR: In this paper, the authors examine liquidity commonality in commodity futures markets and find evidence that changes in stock market liquidity positively influence changes in individual commodity liquidity, including agricultural, energy, industrial metal, precious metal, and livestock commodities.
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Posted Content
Inflation Dynamics: A Structural Economic Analysis
Jordi Galí,Mark Gertler +1 more
TL;DR: In this paper, the authors developed and estimated a structural model of inflation that allows for a fraction of firms that use a backward looking rule to set prices, and they concluded that the New Keynesian Phillips curve provides a good first approximation to the dynamics of inflation.
Journal ArticleDOI
Inflation dynamics: A structural econometric analysis
TL;DR: In this paper, the authors developed and estimated a structural model of inflation that allows for a fraction of firms that use a backward-looking rule to set prices, and the model nests the purely forward-looking New Keynesian Phillips curve as a particular case.
ReportDOI
Some evidence on the importance of sticky prices
Mark Bils,Peter J. Klenow +1 more
TL;DR: This article examined the frequency of price changes for 350 categories of goods and services covering about 70 percent of consumer spending, on the basis of unpublished data from the Bureau of Labor Statisti...
ReportDOI
The Cyclical Behavior of Prices and Costs
TL;DR: In this article, the authors discuss the extent to which observed fluctuations in aggregate economic activity depend upon such variations in average markups and show that countercyclical markup variation may, depending upon how costs are modeled, account for a substantial fraction of cyclical output movements.