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Author = Karami, Hooman

Number of Articles: 1
Evaluation of Price Setting Models at Retail Level: Bayesian Dynamic Factor Model Approach

Hooman Karami; Maryam Hematy

Volume 20, Issue 65 , February 2016, , Pages 129-157

Abstract
  In this paper, following Maćkowiak, Moench and Wiederholt (2009), the reaction of sectoral price indexes to aggregate and idiosyncratic shocks has been evaluated using Bayesian Dynamic Factor Model. The separation of the reaction of prices to these two types of shocks has been done in order to identify ...  Read More