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Sticky Prices Versus Monetary Frictions:An Estimation of Policy Trade-offs
Bayesian Estimation Long-run Inflation Target Monetary Models Welfare Costs of Inflation
2015/9/18
We develop a two-sector monetary model with a centralized and decentralized market. Activities in the centralizedmarket resemble those in a standard New Keynesian economy with price rigidities. In the...
Trade-offs in Monetary Policy.
Trade-offs in Staying Close:Corporate Decision Making and Geographic Dispersion
Business Divisions Business Headquarters Decision Choices and Conditions Geographic Location
2015/5/13
We document the role of geographic dispersion on corporate decision-making. Our findings include: (i) geographically dispersed firms are less employee friendly; (ii) dismissals of divisional employees...
Trade-offs in Staying Close:Corporate Decision Making and Geographic Dispersion
Business Divisions Business Headquarters Decision Choices and Conditions Geographic Location
2015/5/13
We document the role of geographic dispersion on corporate decision-making. Our findings include: (i) geographically dispersed firms are less employee friendly; (ii) dismissals of divisional employees...