The real effects of monetary shocks in sticky price models. A sufficient statistic approach

By Fernando Alvarez, Hervé le Bihan, Francesco Lippi. 2016

149 citations recorded by the source corpus.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/4594b4e461630b39f6b1d1542bf8e895babf5e12

Citations in the corpus

• Scraped Data and Sticky Prices (2016, unknown): “For example, Alvarez et al. (2016) show that a sufficient statistic for the real effects of monetary policy in a large set of models is given by the ratio of the frequency and the kurtosis of the distribution of price changes.”
• Household Leverage and the Recession (2011, unknown): “We assume that each of these preference shifters are equal to the sum of an island-specific component and an aggregate component, all of which follow AR(1) processes with Gaussian innovations.”