Monetary policy and the relative price of durable goods
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2017.10.006
Abstract: In a VAR model of the US, the response of the relative price of durables to a monetary contraction is either flat or mildly positive. It significantly falls only if narrowly defined as the ratio… read more here.
Keywords: relative price; policy relative; monetary policy; price durable ... See more keywords
Investment shocks, sticky prices, and the endogenous relative price of investment
Sign Up to like & getrecommendations! Published in 2017 at "Review of Economic Dynamics"
DOI: 10.1016/j.red.2017.11.004
Abstract: This paper estimates a two-sector DSGE model of the U.S. economy with two key ingredients: (i) an explicit distinction between shocks to investment demand and shocks to investment supply; (ii) sector-specific pricing frictions. According to… read more here.
Keywords: investment shocks; relative price; investment; price investment ... See more keywords
An Experiment on Diversification and Path Dependence
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DOI: 10.1080/15427560.2020.1751628
Abstract: Abstract In an experiment where subjects can allocate their wealth between cash and two risky assets, we analyze path-dependent portfolio choices. The experiment is designed to isolate cases where subjects have no prior experiences, and… read more here.
Keywords: relative price; experiment diversification; price changes; diversification ... See more keywords