Menu Costs, Multi-Product Firms and Aggregate Fluctuations

By Virgiliu Midrigan. 2011

396 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/951e7f2a75df9bc7db46b88c6a4136ab22535248

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Citations in the corpus

Exogenous Information, Endogenous Information and Optimal Monetary Policy (2014, background): “Second, in the decision problem (18)-(20) we assume that decision-makers in firms choose a constant signal precision once and for all.”
Price Setting with Menu Cost for Multi-Product Firms (2012, neutral): “…contributions documenting this type of behavior includes Lach and Tsiddon (1992), Baudry et al. (2007), Dhyne and Konieczny (2007), Dutta et al. (1999), Midrigan (2007, 2011), and Neiman (2010). with a large mass of small price changes, which better describes most empirical distributions.”
The Billion Prices Project: Using Online Prices for Measurement and Research (2016, background): “This finding motivated a surge in papers trying to adapt sticky-price models to account for this fact (for example, Woodford 2009; Midrigan 2011).”
Are Sticky Prices Costly? Evidence from the Stock Market (2016, neutral): “Turning points (target rate changes in the direction opposite to previous changes) signal a change in the current and future stance of monetary policy and thus convey larger news (Jensen, Mercer, and Johnson (1996), Piazzesi (2005), Coibion and Gorodnichenko (2012)).”
Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (2013, positive): “The average size of these price adjustmentsp* Source: Golosov and Lucas (2007) Nakamura-Steinsson (UC Berkeley) Price Rigidity 30 / 79 GOLOSOV AND LUCAS 07 Very strong selection effect 6 times less monetary non-neutrality than in Calvo model Bottom line: Realistic menu cost model yields monetary non”
Five Facts about Prices: A Reevaluation of Menu Cost Models (2008, background): “Many clothes categories undergo substitutions (19)Moulton and Moses (1997) show that price changes that are concurrent with product substitutions play a disproportionate role in explaining steady state aggregate inflation.”
Inattentive Valuation and Reference-Dependent Choice ∗ (2012, background): “This is a limiting case of a more general theory that deserves further study.(48) The qualitative conclu-”
Prices and Supply Disruptions during Natural Disasters (2014, neutral): “Examples include Lach and Tsiddon (1992), Lach and Tsiddon (1996), Dutta et al. (2002), Owen and Trzepacz (2002), and Midrigan (2011).”
Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation* (2014, methodology): “While the simplest versions of these models are easy to reject, more realistic versions such as Midrigan (2011) have had much more empirical success.”