Listar Documentos de trabajo - Lan gaiak por tema "Sticky prices"
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Business cycle and monetary policy analysis in a structural sticky price model of the euro area
Casares Polo, Miguel
(2001)
Documento de trabajo / Lan gaiak 
Structural models are a powerful tool for business cycle and monetary policy analysis because they are assumed to be invariant to either policy changes or external shocks. In this paper, we derive a neoclassical monetary ... -
Monopolistic competition, sticky prices, and the minimal mark-up in steady state
Casares Polo, Miguel (2007)
Documento de trabajo / Lan gaiak
This note reports the rate of inflation that minimizes the mark-up of prices over marginal costs in the steady-state solution of a monopolistic competition model with either Taylor (1980) or Calvo (1983) pricing. The minimal ... -
A new Keynesian analysis of industrial employment fluctuations
Casares Polo, Miguel (2009)
Documento de trabajo / Lan gaiak
This paper describes a model with sticky prices, search frictions and hours-clearing wages that provides firm differentiation across several dimensions: price, output, wage, employment and hours per worker. The connection ... -
On firm-level, industry-level, and aggregate employment fluctuations
Casares Polo, Miguel (2013)
Documento de trabajo / Lan gaiak
Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level ... -
On staggered prices and optimal inflation
Aguilera Bravo, Asier; Casares Polo, Miguel (2019)
Documento de trabajo / Lan gaiak
This paper computes the steady-state optimal rate of inflation assuming two different sticky-price specifications, Calvo (1983) and Taylor (1980), in a model with monopolistic competition. The optimal rate of inflation ...
