@article{ART001096756,
author={정용승},
title={Liquidity Effects and Habit Formation in a Sticky Price Model},
journal={International Economic Journal},
issn={1016-8737},
year={2004},
volume={18},
number={4},
pages={523-548}
}

TY - JOUR
AU - 정용승
TI - Liquidity Effects and Habit Formation in a Sticky Price Model
T2 - International Economic Journal
JO - International Economic Journal
PY - 2004
VL - 18
IS - 4
PB - 한국국제경제학회
SP - 523
EP - 548
SN - 1016-8737
AB - This paper sets up a sticky price model with external habit formations. It shows that the cross correlation between output and interest rates as well as prices match the data well when there is habit formation. Consumption as well as output display hump-shaped response to a positive monetary shock when there is habit formation. The paper also shows that the sticky price model with Abel's (1990, 1999) external habit formation succeeds in generating liquidity effects
KW - Habit Formation, Leading Indicator, Monetary Policy, Sticky PriceJEL Classification : E31, E52
DO -
UR -
ER -

정용승. 2004, "Liquidity Effects and Habit Formation in a Sticky Price Model", International Economic Journal, vol.18, no.4 pp.523-548.

정용승 "Liquidity Effects and Habit Formation in a Sticky Price Model" International Economic Journal 18.4 pp.523-548 (2004) : 523.

정용승. Liquidity Effects and Habit Formation in a Sticky Price Model. 2004; 18(4), 523-548.

정용승. "Liquidity Effects and Habit Formation in a Sticky Price Model" International Economic Journal 18, no.4 (2004) : 523-548.

정용승. Liquidity Effects and Habit Formation in a Sticky Price Model. International Economic Journal, 18(4), 523-548.

정용승. Liquidity Effects and Habit Formation in a Sticky Price Model. International Economic Journal. 2004; 18(4) 523-548.

정용승. Liquidity Effects and Habit Formation in a Sticky Price Model. 2004; 18(4), 523-548.

정용승. "Liquidity Effects and Habit Formation in a Sticky Price Model" International Economic Journal 18, no.4 (2004) : 523-548.