Sticky Price Models and Durable Goods

By Robert B. Barsky, C. House, Miles S. Kimball. 2007

312 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ff5c41160ae0363e4c2012b8bb67893f72566eb2

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In Economics and Econometrics

Citations in the corpus

Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism (2019, unknown): “; and (ii) the relative response of durable and non-durable expenditure is in line with the recent macro literature, such as Barsky et al. (2007), Monacelli (2009) and Sterk and Tenreyro (2014).”
Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010, unknown): “Within each group, a representative household maximizes:4 E0 P1 t=0 ( GC) t zt c ln (ct "ct 1) + jt lnht t 1 + n c;t + n 1+ h;t 1+ 1+ ; (1)”
Housing Finance and Monetary Policy (2009, background): “19To dene a utility-based aggregate price index one needs to assume the existence of an additional nal good producer, whose task consists in assembling housing and consumption services via the production function (6).”
Monetary Policy and the Redistribution Channel (2017, unknown): “This makes aggregate demand very sensitive to given changes in the real interest rate because of the large substitution effect that results from the presence of long-lived durables, a point made by Barsky et al. (2007).”
The Effect of Unconventional Fiscal Policy on Consumption Expenditure (2016, unknown): “In a model with both durable and non-durable consumption, the intertemporal substitution effect of higher future consumption taxes is larger for durable goods (see Barsky et al. (2007) and Barsky et al.”
Managing Households' Expectations with Unconventional Policies (2020, unknown): “…durable and non-durable consumption, the intertemporal substitution effect of higher future consumption taxes is larger for durable goods (see Barsky et al. (2007) and Barsky et al. (2016)).7 5Efficiency gains in the unemployment insurance system financed the second percentage-point decrease…”
Inflation Dynamics During the Financial Crisis (2015, background): “Recent work by Barsky et al. (2007) has shown that relative stickiness in durable relative to non-durable sectors”
The Kinked Demand Curve and Price Rigidity: Evidence from Scanner Data (2010, unknown): “j=1 ij ln( pj P ) @ lnP @ ln pi 1A (5)”
Mortgage Markets, Collateral Constraints, and Monetary Policy: Do Institutional Factors Matter? (2007, background): “In addition, as argued in Barsky et al. (2006), house prices, unlike consumption prices, are largely subject to negotiation upon transactions.”
Heterogeneity in Price Stickiness and the Real Effects of Monetary Shocks (2006, background): “3 The generalized new Keynesian Phillips curve Based on equations (8), (9), (10), and (12) I obtain the following generalized new Keynesian Phillips curve that accounts for heterogeneity in price stickiness (the derivation is in the Appendix):”