Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve

From MaRDI portal
Publication:4806762


DOI10.1162/003355302320935034zbMath1032.91094WikidataQ55877368 ScholiaQ55877368MaRDI QIDQ4806762

N. Gregory Mankiw, Ricardo Reis

Publication date: 14 May 2003

Published in: The Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1162/003355302320935034


91B64: Macroeconomic theory (monetary models, models of taxation)

91B24: Microeconomic theory (price theory and economic markets)


Related Items

PRODUCTIVITY GROWTH AND THE PHILLIPS CURVE: A REASSESSMENT OF THE US EXPERIENCE, TESTING WAGE AND PRICE PHILLIPS CURVES FOR THE UNITED STATES, THE LABOUR MARKET AND TECHNICAL CHANGE IN ENDOGENOUS CYCLES, Disinflation in a DSGE perspective: Sacrifice ratio or welfare gain ratio?, Transitional dynamics in sticky-information general equilibrium models, How well does sticky information explain the dynamics of inflation, output, and real wages?, News shocks or parametric indeterminacy? an observational equivalence result in linear rational expectations models, Animal spirits and monetary policy, On the precision of Calvo parameter estimates in structural NKPC models, Optimal price setting and inflation inertia in a rational expectations model, Staggered updating in an artificial financial market, Central bank learning and Taylor rules with sticky import prices, The Phillips curve as a long-run phenomenon in a macroeconomic model with complex dynamics, Limited information capacity as a source of inertia, The role of expectations in economic fluctuations and the efficacy of monetary policy, Another look at sticky prices and output persistence, Sticky information and model uncertainty in survey data on inflation expectations, Linear rational-expectations models with lagged expectations: a synthetic method, Deriving the wage-wage and price-price Phillips curves from a model with efficiency wages and imperfect information, Nominal vs real wage rigidities in New Keynesian models with hiring costs: a Bayesian evaluation, Identifying a permanent markup shock and its implications for macroeconomic dynamics, Testing a DSGE model of the EU using indirect inference, A naïve sticky information model of households' inflation expectations, Optimal fiscal and monetary policy under sticky prices., Rational thinking under costly information-macroeconomic implications, Fixed prices versus predetermined prices and the equilibrium probability of price adjustment, Forward-looking behavior and optimal discretionary monetary policy, Optimal inattentive length in macroeconomic models, Altruistic Dynamic Pricing with Customer Regret, THE DYNAMIC PROPERTIES OF ALTERNATIVE ASSUMPTIONS ON PRICE ADJUSTMENT IN NEW KEYNESIAN MODELS, DISINFLATIONARY BOOM REVERSION, LEARNING THE INFLATION TARGET, ROBUST POLICIES IN A STICKY INFORMATION ECONOMY, THE SIGNAL EXTRACTION PROBLEM REVISITED: A NOTE ON ITS IMPACT ON A MODEL OF MONETARY POLICY, A NOTE ON THE ANCHORING EFFECT OF EXPLICIT INFLATION TARGETS