Real Rigidities and Nominal Price Changes

By Peter J. Klenow, Jonathan L. Willis. 2006

241 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cf36562554b6bf0d4011405782fc27b1ce2c61ea

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In Economics and Econometrics

Citations in the corpus

House Price Momentum and Strategic Complementarity (2018, background): “(33)The 30 percent backward-looking sellers I find are necessary to explain the data is slightly below the 40 to 50 percent of the population that is significantly extrapolative found by Kuchler and Zafar (2017) and Armona et al.”
Understanding Movements in Aggregate and Product-Level Real-Exchange Rates ∗ (2008, methodology): “…encompasses a number of widely-used static models of international pricing with variable markups including Kimball non-CES aggregator (Kimball 1995, Klenow and Willis 2006, Gopinath and Itskhoki 2010 and 2011), distribution costs (Corsetti and Dedola 2008), and nested-CES with a finite number of…”
The Elusive Pro-Competitive Effects of Trade (2018, methodology): “Levinsohn (1993), Harrison (1994), Krishna and Mitra (1998), Konings et al. (2001), Chen et al.”
Accounting for Incomplete Pass-Through (2009, background): “One way of summarizing this curvature is in terms of the estimated “super-elasticity” of demand–the percentage change in the price elasticity for a given percentage increase in prices (Klenow and Willis, 2006).”
Frequency of Price Adjustment and Pass-Through (2010, methodology): “In a model where the strategic interactions between firms is explicitly modeled, as in Feenstra, Gagnon, and Knetter (1996) and Atkeson and Burstein (2007), mark-up elasticity will, among other things, depend on the market share of the firm and this relationship is non-monotonic.”
How Costly Are Markups? (2018, methodology): “Though our estimate of ε/σ = 0.189 is much lower than typically assumed in macro studies that attempt to match the response of prices to changes in monetary policy or exchange rates, it is in line with the micro estimates surveyed by Klenow and Willis (2016).”
Dominant Currency Paradigm (2020, unknown): “We adopt the Klenow and Willis (2006) formulation that gives rise to the following demand for individual varieties:”
International Prices and Exchange Rates (2013, unknown): “To put more structure on the dependance of εin on the relative price, Klenow and Willis (2006) choose a specification Υ that results in a demand function:”
The Kinked Demand Curve and Price Rigidity: Evidence from Scanner Data (2010, background): “2 See, e.g., Bergin and Feenstra (2000), Eichenbaum and Fisher (2004), Dotsey and King (2005), Klenow and Willis (2006), Coenen et al. (2007), and Smets and Wouters (2007).”