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Part 1: Document Description
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Citation |
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Title: |
Replication data for: Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve |
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Identification Number: |
doi:10.7910/DVN/XVW6IO |
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Distributor: |
Harvard Dataverse |
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Date of Distribution: |
2008-12-17 |
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Version: |
1 |
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Bibliographic Citation: |
Ricardo Reis; N. Gregory Mankiw, 2008, "Replication data for: Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve", https://doi.org/10.7910/DVN/XVW6IO, Harvard Dataverse, V1 |
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Citation |
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Title: |
Replication data for: Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve |
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Identification Number: |
doi:10.7910/DVN/XVW6IO |
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Authoring Entity: |
Ricardo Reis (Columbia University) |
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N. Gregory Mankiw (Harvard University) |
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Date of Production: |
2002 |
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Distributor: |
Harvard Dataverse |
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Distributor: |
Ricardo Reis |
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Date of Deposit: |
2007-07 |
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Date of Distribution: |
2007 |
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Holdings Information: |
https://doi.org/10.7910/DVN/XVW6IO |
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Study Scope |
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Abstract: |
This paper examines a model of dynamic price adjustment based on the assumption that information disseminates slowly throughout the population. Compared to the commonly used sticky-price model, this sticky-information model displays three related properties that are more consistent with accepted views about the effects of monetary policy. First, disinflations are always contractionary (although announced disinflations are less contractionary than surprise ones). Second, monetary policy shocks have their maximum impact on inflation with a substantial delay. Third, the change in inflation is positively correlated with the level of economic activity. |
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Methodology and Processing |
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Sources Statement |
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Data Access |
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Notes: |
<a href="http://creativecommons.org/publicdomain/zero/1.0">CC0 1.0</a> |
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Other Study Description Materials |
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Related Publications |
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Citation |
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Title: |
Reis, Ricardo. 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," with N. Gregory Mankiw. Quarterly Journal of Economics, 2002, v107(4,Nov), 1295-1328. <a href="http://www.princeton.edu/~rreis/papers/stickyQJE.pdf" target= "_new"> article available here </a> |
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Bibliographic Citation: |
Reis, Ricardo. 2002. "Sticky Information Versus Sticky Prices: A Proposal to Replace the New Keynesian Phillips Curve," with N. Gregory Mankiw. Quarterly Journal of Economics, 2002, v107(4,Nov), 1295-1328. <a href="http://www.princeton.edu/~rreis/papers/stickyQJE.pdf" target= "_new"> article available here </a> |
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Label: |
MR_Sticky.xls |
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Text: |
Original excel file that produces all the figures (complex) |
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Notes: |
application/vnd.ms-excel |