 | Associate Professor of Economics, Columbia University Verified email at columbia.edu Cited by 1114 |
E Nakamura… - The Quarterly Journal of …, 2008 - qje.oxfordjournals.org
Page 1. FIVE FACTS ABOUT PRICES: A REEVALUATION OF MENU COST MODELS
∗ EMI NAKAMURA AND J´ON STEINSSON We establish five facts about prices
in the US economy: (1) For consumer prices, the median ...
J Steinsson - Journal of Monetary Economics, 2003 - Elsevier
This paper studies optimal monetary policy in a model where inflation is persistent. Two
types of price setters are assumed to exist. One acts rationally given Calvo-type constraints
on price setting. The other type sets prices according to a rule-of-thumb. This results in a ...
Page 1. NBER WORKING PAPER SERIES MONETARY NON-NEUTRALITY IN A
MULTI-SECTOR MENU COST MODEL Emi Nakamura Jón Steinsson Working Paper
14001 http://www.nber.org/papers/w14001 NATIONAL BUREAU ...
E Nakamura… - Journal of Monetary Economics, 2011 - Elsevier
If consumers form habits in individual goods, firms face a time-inconsistency problem. Low
prices in the future help attract customers in the present. Firms, therefore, have an incentive
to promise low prices in the future, but price gouge when the future arrives. In this setting, ...
Page 1. NBER WORKING PAPER SERIES THE DYNAMIC BEHAVIOR OF THE REAL
EXCHANGE RATE IN STICKY PRICE MODELS Jón Steinsson Working Paper 13910
http://www.nber.org/papers/w13910 NATIONAL BUREAU ...
We use rich historical data on military procurement spending across US regions to estimate
the effects of government spending in a monetary union. Aggregate military build-ups and
draw-downs have differential effects across regions. We use this variation to estimate an" ...
Page 1. NBER WORKING PAPER SERIES LOST IN TRANSIT: PRODUCT
REPLACEMENT BIAS AND PRICING TO MARKET Emi Nakamura Jón Steinsson
Working Paper 15359 http://www.nber.org/papers/w15359 NATIONAL ...
Abstract We estimate an empirical model of consumption disasters using a new panel data
set on consumption for 24 countries and more than 100 years. The model allows for
permanent and transitory effects of disasters that unfold over multiple years. It also allows ...
We estimate an empirical model of consumption disasters using a new panel data set on
personal consumer expenditure for 24 countries and more than 100 years, and study its
implications for asset prices. The model allows for permanent and transitory effects of ...
[CITATION] iFive Facts About Prices: A Reevalua $ tion of Menu Cost Modelsj
E Nakamura… - forthcoming The Quarterly Journal of Economics, 2008
[CITATION] kThe Dynamic Behavior of the Real Exchange Rate in Sticky Price Models. lAmerican economic review (forthcoming)
J Steinsson - Department of Economics, Columbia University, 2007
[CITATION] VFive Facts About Prices: A Reevaluation of the Menu Cost ModelsV manuscript
E Nakamura… - Harvard University, 2007
[CITATION] kFive Facts About Prices: A Reevaluation of Menu Cost Models, lmimeo
E Nakamura… - 2007
[CITATION] More Facts about Prices—Supplement to 'Five Facts about Prices.'
E Nakamura… - 2008
[CITATION] Five Facts about Prices: A Reevaluation of
E Nakamura… - 2008
[CITATION] Five Facts about Prices: AR?? valuation of Menu Cost Models
E Nakamura… - 2007
E Nakamura… - unpublished, Columbia University, 2009 - columbia.edu
Bils and Klenow (2004) report that the median frequency of price change including price
changes that occur because of sales and product substitution in 1995-1997 was 20.9%. The
corresponding median implied duration is 4.3 months. We report that the median ...
[CITATION] Five Facts About Prices: A Reevalutaion of Menu Cost Models", manuscript
E Nakamura… - 2007
[CITATION] VFive Facts About Prices: A Reevaluation of Menu Cost ModelsV
N Emi… - 2006 - Mimeo, Columbia University
[CITATION] Price Setting in Forward Looking Customer Markets, Columbia University
J Steinsson… - 2008 - unpublished manuscript
E Nakamura… - Harvard University, Department of Economics, …, 2003 - Citeseer
Page 1. Econometric Learning Emi Nakamura and Jón Steinsson Harvard University September
18, 2003 1 Page 2. 1 Introduction In some situations, the appropriate model of one's environment
is quite clear—for example, for a flip of a coin or a throw of a die. ...
... August 4, 2001. Contact information: Department of Economics, Central Bank of
Iceland, Kalkofnsvegi 1, 150 Reykjavik, Iceland. E-mail: jon.steinsson@sedlabanki.
is, homepage: http://www.hi.is/˜ jsteins. 1 Page 2. shocks, ηt ...
Page 1. The Implementation of Monetary Policy in an Era of Electronic Payment
Systems * _____ Jón Steinsson Harvard University In the ...
J Steinsson - Manuscript, Columbia University, http://www. columbia. …, 2007 - columbia.edu
Page 1. Appendix to: The Dynamic Behavior of the Real Exchange Rate in Sticky
Price Models Jón Steinsson Harvard University May 12, 2007 1 Household Behavior
and Market Structure The world consists of two countries. ...
Page 1. Prices and Exchange Rates in General Equilibrium A dissertation presented by Jón
Steinsson to The Department of Economics in partial fulfillment of the requirements for the degree
of Doctor of Philosophy in the subject of Economics Harvard University ...
Page 1. Substitutions, Sales Filters and Clearance Sales Supplement to: “Five Facts About
Prices: A Reevaluation of Menu Cost Models” Emi Nakamura and Jón Steinsson Harvard
University May 18, 2007 1 Product Flexibility vs. Price Flexibility ...
[CITATION] Measuring Price Rigidities
Page 1. MONETARY BULLETIN 2004/3 67 Since March 1998 the Central Bank of
Iceland's main instrument has been the interest rate on its repos with credit institutions.
Until spring 2001 the Bank used this rate to maintain the ...
Page 1. Matlab Code for: The Dynamic Behavior of the Real Exchange Rate in Sticky Price
Models Jón Steinsson Columbia University August 27, 2007 I have posted Matlab code
that produces results reported in Steinsson (2007) in two Zip files: ...
G Corsetti, L Dedola, L Christiano, M Trabandt… - se1.isn.ch
Page 1. ROBERT SCHUMAN CENTRE FOR ADVANCED STUDIES FINANCIAL
MARKETS, INTERNATIONAL CAPITAL FLOWS AND EXCHANGE RATES Conference
PIERRE WERNER CHAIR PROGRAMME, ROBERT SCHUMAN ...
Page 1. Appendix to: Crises and Recoveries in an Empirical Model of Consumption Disasters
Emi Nakamura Columbia University Jón Steinsson Columbia University Robert Barro Harvard
University José Ursúa Harvard University April 20, 2010 1 Page 2. A Model Estimation ...
Page 1. Learning and the Long Rate Emi Nakamura and Jón Steinsson∗ Harvard
University March 2004 Abstract In this paper we seek to explain the behavior of the
long term interest rate in the US over the last 50 years using ...
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