Browsing College of Arts and Science by Subject "E31"

Now showing items 1-2 of 2

    • Menu Costs and Markov Inflation:A Theoretical Revision with New Evidence 
      Ahlin, Christian; Shintani, Mototsugu (Vanderbilt University, 2006)
      We revisit a foundational theoretical paper in the menu cost literature, Sheshinski and Weiss (1983), one of the few to treat stochastic inflation with persistent deviations from trend. In contrast to the original finding, ...
    • Persistence in Law-of-One-Price Deviations: Evidence from Micro-data 
      Crucini, Mario J.; Shintani, Mototsugu (Vanderbilt University, 2006)
      We study the dynamics of good-by-good real exchange rates using a micro-panel of 270 goods prices drawn from major cities in 63 countries and 258 goods prices drawn from 13 major U.S. cities. We find the half-life of ...