Calibrating capital adjustment costs in the New-Keynesian model

被引：0
|
作者：
Groth, Charlotta [1 ]
机构：
[1] Bank England, MPC Unit, London EC2R 8AH, England
来源：
ECONOMICS LETTERS | 2006年 / 93卷 / 01期
关键词：
capital adjustment costs; inflation; real rigidities;
D O I：
10.1016/j.econlet.2006.03.027
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We draw on the literature on dynamic factor demand equations to provide evidence for the calibration of capital adjustment costs in the New-Keynesian model. The findings support previous work which shows that for a wide range of values of the capital adjustment cost parameter, the New-Keynesian model gives plausible estimates of the degree of price stickiness. (c) 2006 Bank of England. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码：26 / 30
页数：5
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