Cross-Sectional Inflation Risk in Menu Cost Models with Heterogeneous Firms

2012 ◽  
Author(s):  
Fernando Duarte ◽  
Jonas Mishara-Blomberger
Keyword(s):  
Heterogeneous Firms ◽  
Cost Models ◽  
Cross Sectional ◽  
Inflation Risk ◽  
Menu Cost

scholarly journals How Frequent Are Small Price Changes?

2014 ◽  
Vol 6 (2) ◽  
pp. 137-155 ◽  
Author(s):  
Martin Eichenbaum ◽  
Nir Jaimovich ◽  
Sergio Rebelo ◽  
Josephine Smith
Keyword(s):  
Price Index ◽  
Consumer Price Index ◽  
Empirical Work ◽  
Cost Models ◽  
Scanner Data ◽  
Micro Data ◽  
Price Changes ◽  
Nominal Rigidity ◽  
Menu Cost ◽  
Litmus Test

Recent empirical work suggests that small price changes are relatively common. This evidence has been used to criticize classic menu-cost models. In this paper, we use scanner data from a national supermarket chain and micro data from the Consumer Price Index to reassess the importance of small price changes. We argue that the vast majority of these changes are due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be used as a litmus test of nominal rigidity models. (JEL C82, E31, L11, L81)

scholarly journals Inventories, Markups, and Real Rigidities in Menu Cost Models

2012 ◽  
Vol 80 (1) ◽  
pp. 249-276 ◽  
Author(s):  
Oleksiy Kryvtsov ◽  
Virgiliu Midrigan
Keyword(s):  
Cost Models ◽  
Menu Cost

scholarly journals Inventories, Markups, and Real Rigidities in Menu Cost Models

2009 ◽  
Author(s):  
Oleksiy Kryvtsov ◽  
Virgiliu Midrigan
Keyword(s):  
Cost Models ◽  
Menu Cost

From Hyperinflation to Stable Prices: Argentina’s Evidence on Menu Cost Models*

2018 ◽  
Vol 134 (1) ◽  
pp. 451-505 ◽  
Author(s):  
Fernando Alvarez ◽  
Martin Beraja ◽  
Martín Gonzalez-Rozada ◽  
Pablo Andrés Neumeyer
Keyword(s):  
Cost Models ◽  
Menu Cost

scholarly journals Five Facts about Prices: A Reevaluation of Menu Cost Models*

2008 ◽  
Vol 123 (4) ◽  
pp. 1415-1464 ◽  
Author(s):  
Emi Nakamura ◽  
Jón Steinsson
Keyword(s):  
Cost Models ◽  
Menu Cost

scholarly journals Large Shocks in Menu Cost Models

2012 ◽  
Author(s):  
Peter Karadi ◽  
Adam Reiff
Keyword(s):  
Cost Models ◽  
Menu Cost

ESTIMATED THRESHOLDS IN THE RESPONSE OF OUTPUT TO MONETARY POLICY: ARE LARGE POLICY CHANGES LESS EFFECTIVE?

2013 ◽  
Vol 18 (1) ◽  
pp. 41-64 ◽  
Author(s):  
Luiggi Donayre
Keyword(s):  
Monetary Policy ◽  
Empirical Literature ◽  
Monetary Shocks ◽  
Cost Models ◽  
Monetary Policy Shocks ◽  
Policy Variable ◽  
Menu Cost ◽  
Policy Shocks ◽  
Unobserved Components Model ◽  
Effect Of Monetary Policy

This paper investigates the potential sources of the mixed evidence found in the empirical literature studying asymmetries in the response of output to monetary policy shocks of different magnitudes. Further, it argues that such mixed evidence is a consequence of the exogenous imposition of the threshold that classifies monetary shocks as small or large. To address this issue, I propose an unobserved-components model of output, augmented by a monetary policy variable, which allows the threshold to be endogenously estimated. The results show strong statistical evidence that the effect of monetary policy on output varies disproportionately with the size of the monetary shock once the threshold is estimated. Meanwhile, the estimates of the model are consistent with a key implication of menu-cost models: smaller monetary shocks trigger a larger response on output.

Automated Image Analysis Of Nuclear And Cytoplasmic Changes In Exfoliated Cells From Tracheas Treated With Carcinogen

1977 ◽  
Vol 35 ◽  
pp. 220-221
Author(s):  
S.F. Stinson ◽  
J.C. Lilga ◽  
M.B. Sporn
Keyword(s):  
Image Analysis ◽  
Pattern Analysis ◽  
Relative Proportion ◽  
Automated Image Analysis ◽  
Image Analyzer ◽  
Cross Sectional ◽  
Exfoliated Cells ◽  
Neoplastic Lesions ◽  
Analysis System ◽  
Morphologic Criterion

Increased nuclear size, resulting in an increase in the relative proportion of nuclear to cytoplasmic sizes, is an important morphologic criterion for the evaluation of neoplastic and pre-neoplastic cells. This paper describes investigations into the suitability of automated image analysis for quantitating changes in nuclear and cytoplasmic cross-sectional areas in exfoliated cells from tracheas treated with carcinogen.Neoplastic and pre-neoplastic lesions were induced in the tracheas of Syrian hamsters with the carcinogen N-methyl-N-nitrosourea. Cytology samples were collected intra-tracheally with a specially designed catheter (1) and stained by a modified Papanicolaou technique. Three cytology specimens were selected from animals with normal tracheas, 3 from animals with dysplastic changes, and 3 from animals with epidermoid carcinoma. One hundred randomly selected cells on each slide were analyzed with a Bausch and Lomb Pattern Analysis System automated image analyzer.

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