| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060249 | Economics Letters | 2012 | 5 Pages |
Abstract
We employ industry data to examine price stickiness of durables versus non-durables to evaluate Barsky et al. (2007) proposal that stickiness of durables' prices influences aggregate dynamics. Policy impacts from impulse responses accord with sticky-price frameworks even though non-durables' prices are relatively flexible.
⺠We evaluate Barsky, et al.'s proposal that sticky durable goods prices influence aggregate dynamics. ⺠We employ industry data to examine price stickiness of durables versus non-durables. ⺠We find that non-durable goods' prices are relatively flexible. ⺠Nevertheless, we find that policy impacts from impulse responses accord with sticky-price theory.
Related Topics
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Economics and Econometrics
Authors
Carl Gwin, David D. VanHoose,