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Impact of Monetary Policy on Investment and Issue in Industries With Different Price Rigidity
[article]
2022
Zenodo
Preserved Fulltext
In this paper we estimate the degree of producer price rigidity in the Russian economy and identify the response of various industries to monetary policy shocks, taking into account the heterogeneity of the rigidity parameter. The first part of the paper reviews theoretical approaches to modeling producer price rigidity, including models in which price revisions depend either only on time, or only on the state of the economy, as well as a hybrid pricing model.
doi:10.5281/zenodo.7156743
fatcat:j63hxaxytjcungmuhjufkutdue