Back to basics: sticky prices in the monetary transmission mechanism

I use the measures of frequency of price adjustment in Nakamura and Steinsson (2008) to show that stickier price industries have higher levels of output response to monetary policy shocks. Using a Vector Auto-regression model, I build different measures of response to a monetary policy shock of 14 U...

Full description

Autores:
Roux Uribe, Nicolás de
Tipo de recurso:
Work document
Fecha de publicación:
2011
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8286
Acceso en línea:
http://hdl.handle.net/1992/8286
Palabra clave:
Monetary transmission mechanism
Interest rate
Sticky prices
Financial frictions
Política monetaria - Investigaciones
Precios - Investigaciones
E31, E40, E52
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/