Oleksiy Kryvtsov - Latest
-
-
Does Indexation Bias the Estimated Frequency of Price Adjustment?
We assess the implications of price indexation for estimated frequency of price adjustment in sticky price models of business cycles. These models predominantly assume that non-reoptimized prices are indexed to lagged or average inflation. -
Schooling, Inequality and Government Policy
This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a general equilibrium model, consistent with the post 1960s facts on male wage inequality and labor supply in the U.S. In the model, education and labor-supply decisions depend on progressive income taxation, the education system, the social security system, and technology-driven wage differentials. -
State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those changes).
- « Previous
- 1
- 2
- 3