Monetary Non-Neutrality in a Multi-Sector Menu Cost Model

MonetaryPricing
Written By Rowdy Ferret Design

Monetary Non-Neutrality in a Multi-Sector Menu Cost Model (with Emi Nakamura)

Quarterly Journal of Economics, 125(3), 961-1013, August 2010.

Erratum — Replication Code -- Documentation

 Incorporating heterogeneity in the price rigidity increases the degree of monetary non-neutrality in a menu cost model by a factor of three. Incorporating intermediate inputs adds another factor of three. With these additions, the menu cost model can generate substantial monetary non-neutrality

Rowdy Ferret Design

Oakland based web designer and developer.

Loves long walks in the woods and barbeque.

http://rowdyferretdesign.com
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