A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting

By Michael T. Kiley. 2006

150 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/ce8f2fbf26597057a31aa274acc4e380b4a403e0

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Citations in the corpus

A comparison of forecast performance between federal reserve staff forecasts, simple reduced‐form models, and a DSGE model (2010, background): “There has been a spirited debate over the empirical performance of such specifications (see Kiley [2007], Laforte [2007], and Rudd and Whelan [2007]).”
The History of the Phillips Curve: Consensus and Bifurcation (2011, background): “A second barrier may be imperfect information regarding the goals of the central bank (see, among others, Kiley 2007).”
Imperfect Information and Aggregate Supply (2010, unknown): “…first DSGE model with sticky information in all markets.46 In their model, firms when setting prices, 46 There had been some previous attempts, by Trabandt (2004), Andres et al (2005), Kiley (2007), Laforte (2007), …”
Inattentive professional forecasters (2013, unknown): “Our paper is moreover closely linked to several recent contributions that rely on aggregate time series to estimate the attention degree in a sticky-information model of inflation dynamics (Kiley 2007, Döpke et al. 2008, Coibion 2010).”
Natural rate measures in an estimated DSGE model of the U.S. economy (2008, unknown): “This differs from some other estimates, perhaps because of the focus on a more recent post-1983 sample (similar to results in Kiley, 2007b and Laforte, 2007).”
What can survey forecasts tell us about informational rigidities (2008, unknown): “2 See Korenok (2005), Andres et al (2005), Kiley (2007), Coibion (2007), Dupor et al (2007a), and Knotek (2007).”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, methodology): “Kiley (2007) uses VAR-ML to estimate an NKPC specification with four lags of inflation and expectations of next-period inflation taken with respect to previousperiod (rather than current-period) information.”