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Product Cycle and Prices : a Search Foundation
http://hdl.handle.net/2261/00077267
http://hdl.handle.net/2261/00077267730f0174-7828-491a-849e-f610e640c7be
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
cb-wp009.pdf (1.5 MB)
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| Item type | テクニカルレポート / Technical Report(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2019-08-15 | |||||
| タイトル | ||||||
| タイトル | Product Cycle and Prices : a Search Foundation | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Phillips curve | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | product and price cycles | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | search and matching | |||||
| 資源タイプ | ||||||
| 資源 | http://purl.org/coar/resource_type/c_18gh | |||||
| タイプ | technical report | |||||
| 著者 |
Dong, Mei
× Dong, Mei× Shoji, Toshiaki× Teranishi, Yuki |
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| 著者所属 | ||||||
| 著者所属 | University of Melbourne | |||||
| 著者所属 | ||||||
| 著者所属 | Seikei University | |||||
| 著者所属 | ||||||
| 著者所属 | Keio University | |||||
| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper develops a price model with a product cycle. Through a frictional product market with search and matching frictions, an endogenous product cycle is accompanied with a price cycle where a price for a new good and a price for an existing good are set in a different manner. This model nests a New Keynesian Phillips curve with the Calvo’s price adjustment as a special case and generates several new phenomena. Our simple model captures observed facts in Japanese product level data such as the pro-cyclicality among product entry, demand, and price. In a general equilibrium model, an endogenous product entry increases variation of the inflation rate by 20 percent in Japan. This number increases to 72 percent with a price discounting after a first price. | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | Publisher's another name: JSPS Grants-in-Aid for Scientific Research (S) Central Bank Communication Design | |||||
| 内容記述 | ||||||
| 内容記述タイプ | Other | |||||
| 内容記述 | 2019年9月改訂 | |||||
| 書誌情報 |
Working Papers on Central Bank Communication 巻 009, 発行日 2019-08 |
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| 著者版フラグ | ||||||
| 値 | publisher | |||||
| 出版者 | ||||||
| 出版者 | Research Project on Central Bank Communication | |||||
| 関係URI | ||||||
| 識別子タイプ | URI | |||||
| 関連識別子 | http://www.centralbank.e.u-tokyo.ac.jp/en/category/research-data/ | |||||
