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Displaying results 1 to 5 of 5.

  1. Distance and international banking
    Author: Buch, Claudia M.
    Published: 2001
    Publisher:  Inst. of World Economics, Kiel

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  2. Foreign competition and disintermediation
    no threat to the German banking system?
    Author: Buch, Claudia M.; Golder, Stefan M.
    Published: 1999
    Publisher:  Inst. of World Economics, Kiel

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  3. Information or Regulation : What Is Driving the International Activities of Commercial Banks?
    Author: Buch, Claudia M.
    Published: 2000
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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  4. Distance and International Banking
    Author: Buch, Claudia M.
    Published: 2001
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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  5. Persistent monetary non-neutrality in an estimated menu-cost model with partially costly information
    Author: Bonomo, Marco Antonio; Carvalho, Carlos Viana de; Garcia, René; Malta, Vivian; Rigato, Rodolfo
    Published: [2021]
    Publisher:  [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.... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 183
    Inter-library loan:
    No inter-library loan

     

    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.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/249736
    Series: Texto para discussão / PUC Rio, Departamento de Economia ; no. 688
    Subjects: menu costs; information costs; infrequent information; partial information; inattention; optimal price setting; state-dependent pricing; time-dependent pricing
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen