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Is increased price flexibility stabilizing? The role of the permanent income hypothesis

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  • Evan F. Koenig

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File URL: http://dallasfed.org/assets/documents/research/papers/1990/wp9011.pdf
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Paper provided by Federal Reserve Bank of Dallas in its series Research Paper with number 9011.

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Date of creation: 1990
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Handle: RePEc:fip:feddrp:9011

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Keywords: Prices ; Income;

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  1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-87, December.
  2. Mankiw, N Gregory, 1987. "Government Purchases and Real Interest Rates," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 407-19, April.
  3. De Long, James Bradford & Summers, Lawrence H, 1986. "Is Increased Price Flexibility Stabilizing?," American Economic Review, American Economic Association, vol. 76(5), pages 1031-44, December.
  4. Mankiw, N Gregory & Summers, Lawrence H, 1986. "Money Demand and the Effects of Fiscal Policies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(4), pages 415-29, November.
  5. Evan F. Koenig, 1989. "Real money balances and the timing of consumption: an empirical investigation," Research Paper 8906, Federal Reserve Bank of Dallas.
  6. William Scarth, 1988. "Built-in Stabilizers," Canadian Journal of Economics, Canadian Economics Association, vol. 21(4), pages 747-58, November.
  7. Myers, Gordon & Scarth, William, 1990. "Is price flexibility destabilizing? : Evidence for the open economy," Journal of International Economics, Elsevier, vol. 28(3-4), pages 349-363, May.
  8. Calvo, Guillermo A., 1983. "Staggered prices in a utility-maximizing framework," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 383-398, September.
  9. Hall, Robert E & Mishkin, Frederic S, 1982. "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households," Econometrica, Econometric Society, vol. 50(2), pages 461-81, March.
  10. Flemming, J S, 1987. "Wage Flexibility and Employment Stability," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 161-74, March.
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