Durable goods and sticky prices: Industry-level evidence

Carl Gwin and David VanHoose

Economics Letters, 2012, vol. 116, issue 3, 460-464

Abstract: We employ industry data to examine price stickiness of durables versus non-durables to evaluate Barsky et al. (2007) proposal that stickiness of durables’ prices influences aggregate dynamics. Policy impacts from impulse responses accord with sticky-price frameworks even though non-durables’ prices are relatively flexible.

Keywords: Sticky prices; Durable goods; New Keynesian Phillips curve (search for similar items in EconPapers)
JEL-codes: E30 L16 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:3:p:460-464

DOI: 10.1016/j.econlet.2012.04.038

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