Price Rigidity: Microeconomic Evidence and Macroeconomic Implications

By Emi Nakamura, Jón Steinsson. 2013

205 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bda9a4d41fe625331e51e7878bb072e083cbec30

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In Economics and Econometrics

Citations in the corpus

Scraped Data and Sticky Prices (2016, unknown): “…in the weekly averaged online data.14 The resemblance with the unimodal distribution obtained from scanner data sets explains why papers such as Woodford (2009), which have models that can accommodate both state and time-dependent pricing, have tended to favor mechanisms that match the…”
The Billion Prices Project: Using Online Prices for Measurement and Research (2016, background): “In the past decade, a large empirical literature has tried to measure price stickiness and understand its micro-foundations (for an example in this journal, see Dhyne et al. 2006; for a survey of the literature, see Nakamura and Steinsson 2013, and the references cited there).”
Are Sticky Prices Costly? Evidence from the Stock Market (2016, unknown): “See Klenow and Malin (2010) and Nakamura and Steinsson (2013) for recent reviews of this literature.”
What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk? (2015, background): “8Higher-order moments are gaining a more prominent place in recent work in monetary economics (e.g., Midrigan (2011) and Berger and Vavra (2011); see Nakamura and Steinsson (2013) for a survey) as well as in the firm dynamics literature (e.g., Bloom et al. (2011) and Bachmann and Bayer (2014)).”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, background): “Another promising strand of the literature uses detailed microdata to study price dynamics; see the review by Nakamura and Steinsson (2013).”