Ergebnisse für *

Zeige Ergebnisse 1 bis 5 von 5.

  1. Information or Regulation : What Is Driving the International Activities of Commercial Banks?
    Erschienen: 2000
    Verlag:  Kiel Institute for the World Economy (IfW), Kiel

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
  2. Distance and International Banking
  3. Foreign competition and disintermediation
    no threat to the German banking system?
    Erschienen: 1999
    Verlag:  Inst. of World Economics, Kiel

  4. Distance and international banking
  5. Persistent monetary non-neutrality in an estimated menu-cost model with partially costly information
    Erschienen: [2021]
    Verlag:  [Departamento de Economia, Pontifícia Universidade Católica do Rio de Janeiro], [Rio de Janeiro, RJ]

    We propose a model that reconciles microeconomic evidence of frequent and large price changes with sizable monetary non-neutrality. Firms incur separate lump-sum costs to change prices and to gather and process some information about marginal costs.... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 183
    keine Fernleihe

     

    We propose a model that reconciles microeconomic evidence of frequent and large price changes with sizable monetary non-neutrality. Firms incur separate lump-sum costs to change prices and to gather and process some information about marginal costs. Additional relevant information is continuously available, and can be factored into pricing decisions at no cost. We estimate the model by Simulated Method of Moments, using price-setting statistics for the U.S. economy. The model with free idiosyncratic and costly aggregate information fits well both targeted and untargeted microeconomic moments and generates almost three times as much monetary non-neutrality as the Calvo model.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/249736
    Schriftenreihe: Texto para discussão / PUC Rio, Departamento de Economia ; no. 688
    Schlagworte: menu costs; information costs; infrequent information; partial information; inattention; optimal price setting; state-dependent pricing; time-dependent pricing
    Umfang: 1 Online-Ressource (circa 46 Seiten), Illustrationen