Retail sales of durable goods, inventories and imports after large devaluations
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Economic Dynamics and Control"
DOI: 10.1016/j.jedc.2019.103765
Abstract: This paper presents a general equilibrium model of a small open economy with monopolistically competitive retailers, inventories and durable goods. Following large devaluations, this model generates a collapse of imports, a fall of retail sales… read more here.
Keywords: durable goods; large devaluations; inventories imports; retail sales ... See more keywords
Sales of durable goods and the real effects of monetary policy
Sign Up to like & getrecommendations! Published in 2021 at "Review of Economic Dynamics"
DOI: 10.1016/j.red.2021.01.002
Abstract: Abstract Despite their prevalence in the microdata, sales (i.e., temporary price cuts) are often ignored by macroeconomists. If sales are taken into account, price rigidity is small in the data. Using the microdata underlying the… read more here.
Keywords: effects monetary; monetary policy; real effects; price ... See more keywords