Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data

By Jean Boivin, Marc P. Giannoni, I. Mihov. 2009

492 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/55f9662a9cee67bdc7a9fca99116c6a97402e126

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In Economics and Econometrics

Citations in the corpus

Dynamic factor models with infinite-dimensional factor spaces: One-sided representations (2015, methodology): “High-dimensional factor model methods can be traced back to two seminal papers by Chamberlain (1983) and Chamberlain and Rothschild (1983). The recent and fastly growing literature on the subject, however, is starting with the contributions by Forni et al.”
Slack and Cyclically Sensitive Inflation (2019, background): “…trend inflation includes the early papers of Gordon (1975) and Eckstein (1981), and more recently Cristadoro, Forni, Reichlin, Veronese (2005), Boivin, Giannoni, and Mihov (2009), and Amstad, Potter, and Rich (2017); see Stock and Watson (2016b) for additional references and discussion of…”
Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost (2012, unknown): “Boivin, Giannoni, and Mihov (2009) present US sectoral and aggregate evidence that supports the Máckowiak and Wiederholt (2009) model by nding a fast reaction to sectoral shocks, but prolonged responses to aggregate shocks.”
Rationally Inattentive Seller: Sales and Discrete Pricing (2016, unknown): “Boivin, Giannoni and Mihov [4] found evidence that prices in sectors with more volatile idiosyncratic shocks react to aggregate shocks faster.”
Robustness checks and robustness tests in applied economics (2014, background): “…and Levin, 2009, Alfaro and Charlton, 2009, Angelucci and De Giorgi, 2009, Angrist and Lavy, 2009, Ashraf, 2009, Boivin, Giannoni, and Mihov, 2009, Cai, Chen, and Fang, 2009, Chen and Li 2009, Chetty, Looney, and Kroft, 2009, Dobkin and Nicosia 2009, Forbes and Lederman, 2009, Hargreaves Heap and…”
Household Leverage and the Recession (2011, unknown): “Let μt denote the shadow value of wealth, that is, the multiplier on the flow budget constraint (6); ξt(v) denote the multiplier on the liquidity constraint (5) of a member with realization of the taste shock v; and λt denote the multiplier on the borrowing constraint (7).”
In Search for Yield? Survey-Based Evidence on Bank Risk Taking (2014, result): “This degree of comovement is similar to shares of 60% or more usually found in macroeconomic datasets for the U.S. (e.g. Boivin et al. 2009, Eickmeier and Hofmann 2010).”
Scraped Data and Sticky Prices (2016, unknown): “They were followed by papers such as Nakamura and Steinsson (2008), Klenow and Kryvtsov (2008), Klenow andWillis (2007), Dhyne et al. (2006), Boivin et al. (2009), Wulfsberg and Ballangrud (2009), and Gagnon (2009), to name just a few.”
Core Inflation and Trend Inflation (2016, background): “…common factors of multiple inflation series, including Bryan and Cecchetti (1993), Cristadoro et al. (2005), Amstad and Potter (2007), Kiley (2008), Altissimo, Mojon, and Zaffaroni (2009), Boivin, Giannoni, and Mihov (2009), Reis and Watson (2010), and Sbrana, Silvestrini, and Venditti (2015).”
Business Cycle Dynamics Under Rational Inattention (2015, unknown): “Substituting the labor demand function (25), the flow budget constraint (3) and the consumption aggregator (2) into the period utility function (1) yields an expression for period utility that incorporates those three constraints.”
The propagation of monetary policy shocks in a heterogeneous production economy (2018, background): “Carvalho and Lee (2011) show a multi-sector Calvo model with intermediate inputs can reconcile why firms adjust more quickly to idiosyncratic shocks than to aggregate shocks (see also Boivin et al. (2009) and Shamloo (2010)).”