Journal article
How much persistence should sticky-price models generate to match US data?
Abstract
A number of recent papers find that sticky-price models fail to explain the persistence of output and inflation. We argue that this failure is partially attributable to low frequency fluctuations present in US data, but absent from sticky-price models.
Authors
Boileau M; Letendre M-A
Journal
Economics Letters, Vol. 78, No. 3, pp. 335–342
Publisher
Elsevier
Publication Date
3 2003
DOI
10.1016/s0165-1765(02)00264-1
ISSN
0165-1765