Inflation and output dynamics with state-dependent pricing decisions

By Ariel T. Burstein. 2006

138 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f6c55cae48b0a7ea1b85990e666135ce4b05c15e

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In Economics and Econometrics

Citations in the corpus

Price Rigidity: Microeconomic Evidence and Macroeconomic Implications (2013, unknown): “The idea that sales may not respond to changes in macroeconomic conditions is suggestive of information costs, sticky information or rational inattention (Mankiw and Reis, 2002; Burstein, 2006; Woodford, 2009; Sims, 2011).”
Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy (2007, unknown): “(2004) and Atkeson-Burstein (2005). These models differ from the current one in that (1) the relative price of nontradeables relative to home goods might change over time (Corsetti et.”
Disinflation in a DSGE perspective: sacrifice ratio or welfare gain ratio? (2012, background): “Ball (1994a) was among the rst to point out this inconsistency of standard sticky price models, in which a disin ation could be followed by a boom rather than a slump (see also Burstein, 2006).”
Price Stickiness in Ss Models: New Interpretations of Old Results (2007, unknown): “(12)For recent papers highlighting the role of the extensive margin see, for example, Klenow and Kryvtsov (2005) and Burstein and Hellwig (2006). (13)See Caballero and Engel (1999) for an application of this family to investment.”
Price Setting during Low and High Inflation: Evidence from Mexico (2007, unknown): “2For a modern treatment of menu-cost models, see, for example, Dotsey, King, and Wolman (1999); Danziger (1999); Golosov and Lucas (2003); Burstein (2006); and Gertler and Leahy (2006).”
Endogenous Information, Menu Costs and Inflation Persistence (2008, unknown): “This issue is also relevant for models where firms have a convex cost of adjusting prices (e.g., Rotemberg 1982), use indexation, or set a price path (e.g., Burstein 2006). significantly affects the irreversible decision to enter into an industry or invest in a country.”
Information-Constrained State-Dependent Pricing (2008, background): “(2004) indicate that there are substantial costs associated with information gathering and decisionmaking that are also reduced by a policy of reviewing prices only infrequently.(3) If this is true, the canonical SDP model (or “Ss model”), according to which a price adjustment occurs in any period i”
Reference Prices, Costs, and Nominal Rigidities (2011, background): “21See Burstein (2006) for a di¤erent formulation of price plans in which rms choose a deterministic price sequence.”