Another look at sticky prices and output persistence

DOI10.1016/J.JEDC.2005.08.002zbMath1162.91497OpenAlexW2064168130MaRDI QIDQ959689

Yi Wen, Peng-fei Wang

Publication date: 12 December 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://cae.economics.cornell.edu/04-19.pdf

zbMATH Keywords

sticky pricesNew-Keynesian modelscash-in-advancefinancing constraintsoutput persistence

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economic growth models (91B62)

Related Items (2)

Investment, matching and persistence in a modified cash-in-advance economy ⋮ Sticky price models of the business cycle: can the roundabout production solve the persistence puzzle?

Cites Work

• Endogenous money or sticky prices? Comment on monetary non-neutrality and inflation dynamics
• Investment cycles
• Capacity utilization under increasing returns to scale
• Investment-Cash Flow Sensitivities are Useful: A Comment on Kaplan and Zingales
• Sticky Information versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve
• Inflation Persistence

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