European inflation dynamics

By Jordi Galí, M. Gertler, J. López-Salido. 2001

1,087 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f2da2f30ef29f035322523e054639303af703a35

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Citations in the corpus

Openness, Imperfect Exchange Rate Pass-Through and Monetary Policy (2002, neutral): “15 For a derivation of a welfare based loss function in a similar OLG model without sticky prices, see Ghironi (2000c). Benigno (2001) is an example of a full-blown welfare analysis in a two-country model.”
An estimated dynamic stochastic general equilibrium model of the euro area. NBB Working Paper Nr. 35 (2002, positive): “Our gap differs from the gap that is calculated in Gali, Gertler, and Lopez-Salido (2001b) and Neiss and Nelson (2001) in the sense that those papers implicitly assume that there are no markup shocks. gap, monetary policy was relatively tight during the last seven years of the 1990s, although most…”
Optimal Central Bank Transparency (2008, positive): “Note that the choice of this loss function can be justified by referring to a representative agent maximizing expected utility (with a slight modification, see Woodford, 2003). Inflation persistence is lower when inflation is less backward looking (b is lower). A lower degree of backward lookingness”
QUEST III: An Estimated Open-Economy DSGE Model of the Euro Area with Fiscal and Monetary Policy (2009, methodology): “, Schorfheide (2000), Smets and Wouters (2003). From the computational point of view, the DYNARE toolbox for MATLAB has been applied (Juillard, 1996–2005).”
Has the Inflation Process Changed (2006, background): “Building on this insight, Sbordone (2002), Galí et al. (2001) and others have found that the predictions of the Calvo pricing model explain remarkably well the actual path of inflation, both at high and low frequency, over the postwar period (see Woodford, 2003, chapter 3 for a summary).”
What Firms' Surveys Tell Us about Price-Setting Behavior in the Euro Area (2006, neutral): “In particular, price stickiness may stem from ﬁrms using some form of rule of thumb in setting their price (Gal´ı and Gertler 1999; Gal´ı, Gertler, and L´opez-Salido 2001), from indexation schemes (Christiano, Eichen-baum, and Evans 2005), or from stickiness in gathering information (Mankiw and…”