Chapter 15 Staggered price and wage setting in macroeconomics
Data up to Jan 2025
Total Citations Per Year
Abstract
References (162)
Discretion versus policy rules in practice
1993 • 9,049 citations
Econometric policy evaluation: A critique
1976 • 5,457 citations
Staggered Prices in a Utility-Maximizing Framework
1996 • 4,849 citations
Expectations and the neutrality of money
1972 • 4,734 citations
The Financial Accelerator in a Quantitative Business Cycle Framework
1998 • 2,750 citations
Aggregate Dynamics and Staggered Contracts
1980 • 2,566 citations
Some International Evidence on Output-Inflation Tradeoffs.
1973 • 2,466 citations
"Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule
1975 • 2,222 citations
The Financial Accelerator in a Quantitative Business Cycle Framework
1998 • 2,109 citations
Long-Term Contracts, Rational Expectations, and the Optimal Money Supply Rule
1977 • 2,007 citations
Advanced macroeconomics
1996 • 1,913 citations
Monetary Policy Shocks: What Have We Learned and to What End?
1998 • 1,908 citations
Sticky Prices in the United States
1982 • 1,872 citations
An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy
1997 • 1,801 citations
Monetary Policy Rules
1999 • 1,724 citations
Monopolistic Competition and the Effects of Aggregate Demand
1987 • 1,550 citations
Lectures on Macroeconomics.
1990 • 1,313 citations
Implicit Contracts and Underemployment Equilibria
1975 • 1,262 citations
Econometric policy evaluation: A critique
1976 • 1,179 citations
Nominal price rigidity, money supply endogeneity, and business cycles
1996 • 1,176 citations
New Keynesian Economics and the Phillips Curve
1995 • 943 citations
Inflation Persistence
1995 • 851 citations
Unanticipated Money Growth and Unemployment in the United States
1977 • 841 citations
Wage indexation: A macroeconomic approach
1976 • 778 citations
Lectures on Macroeconomics.
1990 • 760 citations
The New Keynesian Economics and the Output-Inflation Trade-Off
1988 • 750 citations
The New Neoclassical Synthesis and the Role of Monetary Policy
1997 • 730 citations
NBER Macroeconomics Annual 1997
1997 • 720 citations
Robustness properties of a rule for monetary policy
1988 • 691 citations
Asking about prices: a new approach to understanding price stickiness
1999 • 669 citations
Estimation and Control of a Macroeconomic Model with Rational Expectations
1979 • 645 citations
Menu Costs and the Neutrality of Money
1987 • 634 citations
Prices and quantities: A macroeconomic analysis
1981 • 612 citations
NBER macroeconomics annual 1994
1995 • 592 citations
Real Rigidities and the Non-Neutrality of Money
1990 • 577 citations
The Quantitative Analytics of the Basic Neomonetarist Model
1995 • 570 citations
Business Cycles and the Relationship between Concentration and Price-Cost Margins
1986 • 565 citations
A Classical Macroeconometric Model for the United States
1976 • 562 citations
Stabilizing Powers of Monetary Policy under Rational Expectations
1977 • 557 citations
The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains
1997 • 549 citations
The Rigidity of Prices
1986 • 545 citations
Business Cycle Fluctuations in U.S. Macroeconomic Time Series
1998 • 539 citations
Nobel Lecture: Monetary Neutrality
1996 • 537 citations
Nber Macroeconomics Annual
1986 • 518 citations
Is inflation sticky?
1997 • 494 citations
Sticky Prices: New Evidence from Retail Catalogs
1995 • 490 citations
The American Business Cycle: Continuity and Change.
1987 • 484 citations
The frequency of price adjustment
1986 • 472 citations
The American Business Cycle
1986 • 464 citations
Asking about Prices: A New Approach to Understanding Price Stickiness
1998 • 437 citations
Exchange rates and international macroeconomics
1984 • 403 citations
What Economics Is Most Important to Teach: The Hansen Committee Report
1977 • 382 citations
On Indexation and Contract Length
1978 • 367 citations
Monetary policy trade-offs and the correlation between nominal interest rates and real output
1995 • 348 citations
The Behavior of Prices and Inflation: An Empirical Analysis of Disaggregat Price Data
1992 • 346 citations
Evaluating policy regimes : new research in empirical macroeconomics
1993 • 320 citations
What Should the Monetary Authority Do When Prices Are Sticky
1999 • 314 citations
The Timing and Magnitude of Retail Store Markdowns: Evidence from Weekends and Holidays
1995 • 314 citations
Macroeconomic Policy in a World Economy: From Econometric Design to Practical Operation
1994 • 306 citations
Does Anticipated Monetary Policy Matter? An Econometric Investigation
1982 • 294 citations
Nominal price rigidity, money supply endogeneity, and business cycles
1996 • 294 citations
Exchange Rates and International Macroeconomics
1983 • 284 citations
Inflation Targeting in a St. Louis Model of the 21st Century
1996 • 271 citations
The quantitative analysis of the basic neomonetarist model
1994 • 239 citations
The Behavior of Industrial Prices
1971 • 238 citations
Money, New-Keynesian macroeconomics and the business cycle
1993 • 234 citations
Why Does Money Affect Output? A Survey
1987 • 228 citations
The evolution of macro models at the Federal Reserve Board
1997 • 213 citations
On Sticky Prices: Academic Theories Meet the Real World
1994 • 206 citations
Inflation, debt, and indexation
1985 • 203 citations
STAGGERED WAGE SETTING WITH REAL WAGE RELATIVITIES: VARIATIONS ON A THEME OF TAYLOR*
1981 • 190 citations
Optimal Pricing with Costly Adjustment: Evidence from Retail-Grocery Prices
1998 • 189 citations
Monetary Policy during a Transition to Rational Expectations
1975 • 186 citations
The Output-Inflation Trade-off When Prices Are Costly to Change
1986 • 168 citations
Efficiency of the Natural Rate
1975 • 167 citations
Stagflation, persistent unemployment and the permanence of economic shocks
1980 • 149 citations
Toward a Modern Macroeconomic Model Usable for Policy Analysis
1994 • 146 citations
Price flexibility in channels of distribution: Evidence from scanner data
2002 • 141 citations
Aggregate and Individual Price Adjustment
1987 • 140 citations
Disinflation without recession: Adaptive guideposts and monetary policy
1978 • 134 citations
A small, structural, quarterly model for monetary policy evaluation
1997 • 129 citations
Staggering and Synchronization in Price-Setting: Evidence from Multiproduct Firms
1996 • 128 citations
Rigid wages?
1994 • 124 citations
Sticky Goods Prices, Flexible Asset Prices, Monopolistic Competition, and Monetary Policy
1986 • 123 citations
Issues in the Design of Monetary Policy Rules
1997 • 121 citations
The business cycle with nominal contracts
1995 • 120 citations
The New Keynesian Economics and the Output-Inflation Trade-off
1989 • 119 citations
Exchange Rate Rules and Macroeconomic Stability
1981 • 116 citations
Output and price stability: An international comparison
1980 • 115 citations
Union Wage Settlements during a Disinflation
1983 • 115 citations
The (Mis)Behaviour of the Aggregate Price Level
1993 • 111 citations
The Equilibrium and Optimal Timing of Price Changes
1989 • 105 citations
Microeconomic rigidities and aggregate price dynamics
1993 • 105 citations
On the Interpretation of Near Random-Walk Behavior in GNP
1988 • 102 citations
Time Series Representations of Economic Variables and Alternative Models of the Labour Market
1982 • 101 citations
Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
1996 • 94 citations
PPP Exchange-Rate Rules and Macroeconomic Stability
1982 • 91 citations
Price adjustment at multiproduct retailers
1998 • 89 citations
Frontiers of Economics
1987 • 86 citations
Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
1998 • 86 citations
Is Increased Price Flexibility Stabilizing
1985 • 82 citations
Inflation, Debt, and Indexation
1985 • 80 citations
Staggered Contracts and Exchange Rate Policy
1983 • 78 citations
Money stock revisions and unanticipated money growth
1980 • 77 citations
The Behavior of Industrial Prices.
1971 • 77 citations
The Adjustment of Prices to Monetary Shocks when Trade is Uncertain and Sequential
1994 • 73 citations
On the Stubbornness of Sticky Prices
1991 • 72 citations
Wage contingencies, the pattern of negotiation and aggregate implications of alternative contract structures
1984 • 71 citations
Externalities from Contract Length
1987 • 68 citations
Imperfect Information and Staggered Price Setting
1988 • 65 citations
The American Business Cycle
1990 • 64 citations
Towards a compact, empirically-verified rational expectations model for monetary policy analysis
1997 • 63 citations
Money and the Business Cycle with One-Period Nominal Contracts
1993 • 62 citations
Indexation and Incomes Policy: A Study of Wage Adjustment in Unionized Manufacturing
1987 • 57 citations
Inflation, Nominal Wage Rigidity, and the Efficiency of Labor Markets
1995 • 56 citations
Chapter 15 Why does money affect output? A survey
1990 • 52 citations
Staggered Price Setting and Endogenous Persistence
1998 • 51 citations
Nominal Wage Rigidities and the Propagation of Monetary Disturbances
1998 • 51 citations
The Evolution of Macro Models at the Federal Reserve Board
1997 • 50 citations
Does Inflation 'Grease the Wheels of the Labor Market'?
1997 • 50 citations
Staggered vs. synchronised wage setting in oligopoly
1993 • 48 citations
The Allocation of Economic Resources; Essays in Honor of Bernard Francis Haley.
1960 • 43 citations
Is Price Flexibility Destabilizing
1986 • 43 citations
Real Effects of Monetary Shocks in an Economy with Sequential Purchases
1993 • 38 citations
Improvements in Macroeconomic Stability: The Role of Wages and Prices
1986 • 37 citations
Is Increased Price Inflexibility Stabilizing?
1989 • 36 citations
Will Wage Setters Ever Stagger Decisions?
1986 • 33 citations
Imperfect Information and Wage Inertia in the Business Cycle
1982 • 32 citations
Inflation, nominal wage rigidity, and the efficiency of labor markets
1995 • 31 citations
Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?
1997 • 30 citations
A small, structural, quarterly model for monetary policy evaluation
1997 • 28 citations
Nominal rigidity and monetary uncertainty
1998 • 27 citations
The Distribution of Price Changes in Oligopoly
1993 • 26 citations
State Dependent Pricing and Dynamics of Business Cycles
1997 • 26 citations
Monetary policy in a stochastic equilibrium model with real and nominal rigidities
1998 • 26 citations
Macroeconomics after a Decade of Rational Expectations: Some Critical Issues
1989 • 26 citations
Money, macroeconomics, and economic policy: Essays in honor of James Tobin
1993 • 25 citations
A method for estimating the timing interval in a linear econometric model, with an application to Taylor's model of staggered contracts
1985 • 24 citations
A Linearized Version of Lucas's Neutrality Model
1984 • 22 citations
Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?
1997 • 21 citations
Monetary Policy in a Stochastic Equilibrium Model with Real and Nominal Rigidities
1998 • 21 citations
Short-Run Effects of Money When Some Prices Are Sticky
1994 • 21 citations
Aggregate Pattern of Time-dependent Adjustment Rules, II: Strategic Complementarity and Endogenous Nonsynchronization
2001 • 21 citations
State-dependent pricing and the dynamics of business cycles
1997 • 20 citations
Monetary policy and the timing of wage negotiations
1987 • 17 citations
Aggregate Pattern of Time-Dependent Adjustment Rules, I: A Game-Theoretic Analysis of Staggered Versus Synchronised Wage Setting
1996 • 15 citations
Can More Frequent Price Changes Lead to Price Inertia? Nonneutralities in a State-Dependent Pricing Context
1997 • 15 citations
Comment on The Quantitative Analytics of the Basic Neomonetarist Model
1995 • 14 citations
Price rigidities and institutional variations in markets with posted prices
1997 • 14 citations
The Equilibrium Distribution of Wage Settlements and Economic Stability
1986 • 13 citations
Wage Contracts and the Unit Root Hypothesis
1990 • 13 citations
The theoretical and empirical relevance of staggered wage contract models
1989 • 10 citations
Wage bargaining and staggered contracts: theory and estimation
1988 • 9 citations
Long-term contracts, imperfect information, and monetary policy
1981 • 8 citations
Exchange Rate Dynamics in a Model with Staggered Wage Contracts
1984 • 8 citations
The Dynamic Properties of Staggered Contracts Models
1987 • 8 citations
Short-Run Effects of Money When Some Prices are Sticky
1994 • 7 citations
Optimizing Agents, Staggered Wages and Persistence in the Real Effects of Money Shocks
1997 • 5 citations
Aggregate Dynamics and Staggered Contracts: A Test of the Importance of Spillover Effects: Note
1984 • 4 citations
Income redistribution during a disinflation
1987 • 4 citations
On Endogenously Staggered Prices
1998 • 4 citations
Price and interest rate dynamics induced by multiperiod contracts
1999 • 2 citations