scholarly journals Labour Market Frictions, Monetary Policy and Durable Goods

2016 ◽  
Author(s):  
Federico Di Pace ◽  
Matthias S. Hertweck
Keyword(s):  
Monetary Policy ◽  
Labour Market ◽  
Durable Goods ◽  
Market Frictions

Labor market frictions, monetary policy and durable goods

2019 ◽  
Vol 32 ◽  
pp. 274-304 ◽  
Author(s):  
Federico Di Pace ◽  
Matthias S. Hertweck
Keyword(s):  
Monetary Policy ◽  
Labor Market ◽  
Durable Goods ◽  
Market Frictions ◽  
Labor Market Frictions

scholarly journals Durable Goods, Inter-Sectoral Linkages and Monetary Policy

2008 ◽  
Author(s):  
Hafedh Bouakez ◽  
Emanuela Cardia ◽  
Francisco J. Ruge-Murcia
Keyword(s):  
Monetary Policy ◽  
Durable Goods ◽  
Sectoral Linkages

scholarly journals Sticky-Price Models and Durable Goods

2007 ◽  
Vol 97 (3) ◽  
pp. 984-998 ◽  
Author(s):  
Robert B Barsky ◽  
Christopher L House ◽  
Miles S Kimball
Keyword(s):  
Monetary Policy ◽  
Durable Goods ◽  
Sticky Prices ◽  
Price Rigidity ◽  
Aggregate Output ◽  
Limiting Case

The inclusion of a durable goods sector in sticky-price models has strong and unexpected implications. Even if most prices are flexible, a small durable goods sector with sticky prices may be sufficient to make aggregate output react to monetary policy as though most prices were sticky. In contrast, flexibly priced durables with sufficiently long service lives can undo the implications of standard sticky price models. In a limiting case, flexibly priced durables cause monetary policy to have no effect on aggregate output. Our analysis suggests that durable goods prices are the most relevant data for calibrating price rigidity. (JEL E21, E23, E31, E52)

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