Essays on Dynamics of Output and Prices

This book investigates dynamics of output and prices in five essays. First two essays focus on the choice of the model that explains joint dynamics of output and prices. We compare the sticky price and the sticky information models. Next three essays focus on business cycle fluctuations. We study volatility, persistence, and asymmetry of the business cycle. We also investigate the impact of monetary policy on cyclical fluctuations.

Autorentext

Oleg Korenok is an assistant professor of economics at Virginia Commonwealth University. Bruce Mizrach is an associate professor of economics at Rutgers University. Stan Radchenko is an assistant professor of economics at University of North Carolina at Charlotte. Norman R. Swanson is a professor of economics at Rutgers University.