Aggregate Hazard Function in Price-Setting: A Bayesian Analysis Using Macro Data
نویسندگان
چکیده
منابع مشابه
Real and Nominal Rigidities in Price Setting: A Bayesian Analysis Using Aggregate Data
This paper uses the Bayesian approach to solve and estimate a New Keynesian model augmented by a generalized Phillips curve, in which the shape of the price reset hazards can be identi ed using aggregate data. My empirical result shows that a constant hazard function is easily rejected by the data. The empirical hazard function for post-1983 periods in the U.S. is consistent with micro evidence...
متن کاملinvestigate factors affecting corneal graft rejection in keratoconus using bayesian analysis of bivariate weibull hazard function based on clayton copula
abstract background: keratoconus is a bilateral corneal disease, which one way to cure it is to transplant. the transplantation may be rejected by recipient's immune system, which leads to failure of the graft. this study aimed to analysis the factors affecting bilateral corneal graft rejection based on copula function. methods: a sample of bilateral graft rejection times was assessed. since co...
متن کاملUsing of frailty model baseline proportional hazard rate in Real Data Analysis
Many populations encountered in survival analysis are often not homogeneous. Individuals are flexible in their susceptibility to causes of death, response to treatment and influence of various risk factors. Ignoring this heterogeneity can result in misleading conclusions. To deal with these problems, the proportional hazard frailty model was introduced. In this paper, the frailty model is ex...
متن کاملBayesian Estimation of Random-Coefficients Choice Models Using Aggregate Data
This article discusses the use of Bayesian methods for estimating logit demand models using aggregate data. We analyze two different demand systems: independent samples and consumer panel. Under the first system, there is a different and independent random sample of N consumers in each period and each consumer makes only a single purchase decision. Under the second system, the same N consumers ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2010
ISSN: 1556-5068
DOI: 10.2139/ssrn.1589068