Data and Code for: Sectoral Price Facts in a Sticky-Price Model
收藏ICPSR2020-01-01 更新2026-04-16 收录
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https://www.openicpsr.org/openicpsr/project/116781/version/V1/view
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资源简介：
We develop a multisector sticky-price DSGE model that can endogenously deliver differential responses of prices to aggregate and sectoral shocks. Input-output production linkages and a (standard) monetary policy rule contribute to a slow response of prices to aggregate shocks. In turn, labor market segmentation at the sectoral level induces within-sector strategic substitutability in price-setting decisions, which helps the model deliver a fast response of prices to sector-specific shocks. We estimate the model using aggregate and sectoral price and quantity data for the U.S., and find that it accounts well for a range of sectoral price facts.
提供机构：
University of Virginia; Seoul National University; PUC-Rio
创建时间：
2020-01-01
