Several Phillips curves based on sticky information and prices are estimated compared using Bayesian VAR-GMM. This method derives expectations in each curve from a VAR estimates the parameters coefficients simultaneously. Quasi-marginal likelihood-based model comparison selects dual stickiness which, period, some remain unchanged, consistent with micro evidence. Moreover, is more plausible sour...

A. Topics and Tools ............................................................................ 1 B. Understanding Romer's Chapter 6, Part C ............................................ 2 Romer’s “building blocks” ............................................................................................. 2 Macroeconomic equilibrium with predetermined prices .....................................

Overturned folds are observed in regions of the Greenland ice sheet where driving stress is highly variable. Three mechanisms have been proposed to explain these folds: freezing subglacial water, traveling basal slippery patches, and englacial rheological contrasts. Here we explore how traveling basal sticky patches can produce overturned folds. Transitions from low to high stress cause a trade...

We evaluated the effectiveness of commercially available light traps and sticky traps baited with chemical light sticks for the collection of phlebotomine sand flies. Evaluations were conducted at Tallil Air Base, Iraq, in 2003. In an initial study, a Centers for Disease Control and Prevention (CDC)-style trap with UV bulb collected significantly more sand flies than did an up-draft CDC trap, a...

This paper studies whether the central bank should adjust its inflation target to account for the systematic upward bias in measured inflation due to quality improvements in consumption goods. We show that the answer to this question depends on what prices are assumed to be sticky. If nonquality-adjusted prices are assumed to be sticky, then the inflation target should not be corrected. If, on ...