Browsing by Author "URIBE, Martin"

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Browsing by Author "URIBE, Martin"

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    Title: Incomplete Cost Pass-Through Under Deep Habits  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: A number of empirical studies document that marginal cost shocks are not fully passed through to prices at the firm level and that prices are substantially less volatile than costs. We show that in the relative-deep-habits ...
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    Title: Deep Habits and the Dynamic Effects of Monetary Policy Shocks  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin; UUSKULA, Lenno Date: 2008 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper introduces deep habits into a sticky-price sticky-wage economy and asks whether the countercyclical markup movements induced by deep habits is helpful for accounting for the dynamic effects of monetary policy ...
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    Title: Macroeconomics of Subsistence Points  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2008 Type of Publication: Article Abstract: This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods ...
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    Title: Explaining the Effects of Government Spending Shocks on Consumption and the Real Exchange Rate  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Using panel structural VAR analysis and quarterly data from four industrialized countries, we document that an increase in government purchases leads to an expansion in output and private consumption, a deterioration in ...
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    Title: Pricing to Habits and the Law of One Price  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2007 Type of Publication: Article
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    Title: Pricing to Habits and the Law of One Price  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2006 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: This paper proposes a novel international transmission mechanism based on the assumption of deep habits. The term deep habits stands for a preference specification according to which consumers form habits on a good-by-good ...
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    Title: Deep habits  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2006 Type of Publication: Article Abstract: This paper generalizes the standard habit-formation model to an environment in which agents form habits over individual varieties of goods as opposed to over a composite consumption good. We refer to this preference ...
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    Title: Deep Habits  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2004 Type of Publication: Working Paper Series/Report no.: Working paper
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    Title: Macroeconomics of Subsistence Points  Author(s): RAVN, Morten O.; SCHMITT-GROHE, Stephanie; URIBE, Martin Date: 2004 Type of Publication: Working Paper Series/Report no.: NBER Working Paper