References
- Aguirregabiria , V . 1999 . The dynamics of markups and inventories in retailing firms . Review of Economic Studies , 66 : 275 – 308 .
- Andersen , TM . 1998 . Persistency in sticky price models . European Economic Review , 42 : 593 – 603 .
- Ascari , G . 2000 . Optimising agents, staggered wages and persistence in the real effects of money shocks . Economic Journal , 110 : 664 – 86 .
- Ascari , G and Garcia , JA . 2004 . Relative wage concern: the missing piece in the contract multiplier . Research in Economics , 58 : 343 – 69 .
- Ben Aissa , MS and Musy , O . 2007 . Persistence with staggered price setting in nominal and real terms . Applied Economics Letters , 14 : 233 – 7 .
- Bergin , PR and Feenstra , RC . 2000 . Staggered price setting, translog preferences, and endogenous persistence . Journal of Monetary Economics , 45 : 657 – 80 .
- Bils , M and Kahn , JA . 2000 . What inventory behavior tells us about business cycles . American Economic Review , 90 : 458 – 81 .
- Bivin , DG . 2005 . Gauging the performance of the linear-quadratic inventory model . Applied Economics , 37 : 1215 – 31 .
- Blinder , AS . 1982 . Inventories and sticky prices: more on the microfoundations of macroeconomics . American Economic Review , 72 : 334 – 48 .
- Blinder , AS and Fischer , S . 1981 . Inventories, rational expectations, and the business cycle . Journal of Monetary Economics , 8 : 277 – 304 .
- Blinder , AS and Maccini , LJ . 1991 . Taking stock: a critical assessment of recent research on inventories . Journal of Economic Perspectives , 5 : 73 – 96 .
- Boileau , M and Letendre , M-A . 2003 . How much persistence should sticky-price models generate to match US data? . Economics Letters , 78 : 335 – 42 .
- Borenstein , S and Shepard , A . 2002 . Sticky prices, inventories, and market power in wholesale gasoline markets . RAND Journal of Economics , 33 : 156 – 72 .
- Chari , VV , Kehoe , PJ and McGrattan , ER . 2000 . Sticky price models of the business cycle: can the contract multiplier solve the persistence problem? . Econometrica , 68 : 1151 – 79 .
- Christiano , LJ . 1988 . Why does inventory investment fluctuate so much? . Journal of Monetary Economics , 21 : 247 – 80 .
- Christiano , LJ , Eichenbaum , M and Evans , C . 2005 . Nominal rigidities and the dynamic effects of a shock to monetary policy . Journal of Political Economy , 113 : 1 – 45 .
- Das , BJ . 1998 . Price smoothing and inventory adjustments . Applied Economics Letters , 5 : 117 – 9 .
- Dittmar , R , Gavin , WT and Kydland , FE . 2005 . Inflation persistence and flexible prices . International Economic Review , 46 : 245 – 61 .
- Edge , RM . 2002 . The equivalence of wage and price staggering in monetary business cycle models . Review of Economic Dynamics , 5 : 559 – 85 .
- Erceg , C . 1997 . Nominal wage rigidities and the propagation of monetary disturbances , International Finance Discussion Paper No. 590 Board of Governor of the Federal Reserve System .
- Fisher , JDM and Hornstein , A . 2000 . (S, s) inventory policies in general equilibrium . Review of Economic Studies , 67 : 117 – 45 .
- Fuhrer , J and Moore , G . 1995 . Inflation persistence . Quarterly Journal of Economics , 110 : 127 – 59 .
- Hornstein , A and Sarte , PD . 1998 . Staggered prices and inventories: production smoothing reconsidered Federal Reserve Bank of Richmond Working Paper No. 98–8
- Huang , KXD and Liu , Z . 2001 . Production chains and general equilibrium dynamics . Journal of Monetary Economics , 48 : 437 – 62 .
- Huang , KXD and Liu , Z . 2002 . Staggered wage-setting, staggered price-setting, and business cycle persistence . Journal of Monetary Economics , 49 : 405 – 33 .
- Ireland , PN . 2001 . Sticky-price models of the business cycle: specification and stability . Journal of Monetary Economics , 47 : 3 – 18 .
- Ireland , PN . 2003 . Endogenous money or sticky prices? . Journal of Monetary Economics , 50 : 1623 – 48 .
- Kahn , J , McConnell , MM and Perez-Quiros , G . 2001 . Inventories and the information revolution: implications for output volatility . mimeo, Federal Reserve Bank of New York ,
- Kahn , A and Thomas , JK . 2007 . Inventories and the business cyle: an equilibrium analysis of (S, s) policies . American Economic Review , 97 : 1165 – 88 .
- Keen , B and Wang , Y . 2007 . What is a realistic value for price adjustment costs in New Keynesian models? . Applied Economics Letters , 14 : 789 – 93 .
- Kiley , MT . 2000 . Endogenous price stickiness and business cycle persistence . Journal of Money, Credit and Banking , 32 : 28 – 53 .
- King , RG , Plosser , CI and Rebelo , ST . 2002 . Production, growth and business cycles: technical appendix . Computational Economics , 20 : 87 – 116 .
- King , RG and Rebelo , ST . 1999 . “ Resuscitating real business cycles ” . In Handbook of Macroeconomics: Vol. I , Edited by: Taylor , JB and Woodford , M . Vol. I , 927 – 1007 . Amsterdam : Elsevier Science .
- Kydland , F and Prescott , EC . 1982 . Time to build and aggregate fluctuations . Econometrica , 50 : 1345 – 70 .
- Levin , AT and Piger , JM . 2004 . Is inflation persistence intrinsic in industrial economies? European Central Bank Working Paper Series No. 334
- McConnell , MM and Perez-Quiros , G . 2000 . Output fluctuations in the US: what has changed since the early 1980's? . American Economic Reviews , 90 : 1464 – 76 .
- Nelson , E . 1998 . Sluggish inflation and optimizing models of the business cycle . Journal of Monetary Economics , 42 : 303 – 22 .
- Prescott , EC . 1986 . Theory ahead of business cycle measurement . Federal Reserve Bank of Minneapolis Quarterly Review , 10 : 9 – 22 .
- Ramey , VA and West , KD . 1999 . “ Inventories ” . In Handbook of Macroeconomics: Vol. I , Edited by: Taylor , JB and Woodford , M . Vol. I , 863 – 923 . Amsterdam : Elsevier Science .
- Taylor , J . 1980 . Aggregate dynamics and staggered contracts . Journal of Political Economy , 88 : 1 – 23 .
- West , KD . 1990 . The sources of fluctuations in aggregate inventories and GNP . Quarterly Journal of Economics , 105 : 939 – 71 .