Estimating the frequency of price re-optimization in Calvo-style models

By Martin Eichenbaum, Jonas D. M. Fisher. 2007

205 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/21759056632a2346f3b8f6dcd09b1f17a8301b4d

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In Economics and Econometrics

Citations in the corpus

Real Rigidities and Nominal Price Changes (2006, methodology): “This is the value used by Smets and Wouters (2007) and the low value entertained by Eichenbaum and Fisher (2007), who also considered the value of 33 suggested by Kimball (1995).”
Lumpy Price Adjustments: A Microeconometric Analysis (2011, unknown): “…(2006), a third group of models has recently emerged that explain price stickiness by the costs of information acquisition and/or by the noise that can affect the information collected by firms about their environment (e.g., see Eichenbaum and Fisher 2007; Klenow and Willis 2007; Woodford 2009).”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “Note that the GIV residuals ũt include a future inflation forecast error, so they may exhibit MA(1) autocorrelation even when the structural error ut is not autocorrelated (Jondeau and Le Bihan, 2005; Mavroeidis, 2005; Eichenbaum and Fisher, 2007).”
Fiscal Stimulus with Spending Reversals (2009, unknown): “This result suggests that the increase in government spending is to a considerable extent debt-financed, in line with evidence in Galı́ et al. (2007), who document a significant increase in the public deficit, as well as in Bilbiie et al.”
The New Area-Wide Model of the Euro Area: A Micro-Founded Open-Economy Model for Forecasting and Policy Analysis (2008, background): “See Eichenbaum and Fisher (2007) and Coenen, Levin and Christoffel (2007) for further discussion.”
Nonlinear Adventures at the Zero Lower Bound (2012, background): “…we set the Calvo parameter θ = 0.75, which implies an average duration of the price of 4 quarters, and the elasticity of substitution among good varieties to ε = 6, which implies a steady-state markup of 20 percent (Christiano, Eichenbaum, and Evans, 2005, and Eichenbaum and Fisher, 2007).”