scholarly journals Sectoral Price Facts in a Sticky-Price Model

2021 ◽  
Vol 13 (1) ◽  
pp. 216-256
Author(s):  
Carlos Carvalho ◽  
Jae Won Lee ◽  
Woong Yong Park
Keyword(s):  
Market Segmentation ◽  
Fast Response ◽  
The United States ◽  
Price Setting ◽  
Slow Response ◽  
Price Model ◽  
Policy Rule ◽  
Aggregate Shocks ◽  
Labor Market Segmentation ◽  
Monetary Policy Rule

We develop a multisector sticky-price DSGE model that can endogenously deliver differential responses of prices to aggregate and sectoral shocks. Input-output production linkages and a (standard) monetary policy rule contribute to a slow response of prices to aggregate shocks. In turn, labor market segmentation at the sectoral level induces within-sector strategic substitutability in price-setting decisions, which helps the model deliver a fast response of prices to sector-specific shocks. We estimate the model using aggregate and sectoral price and quantity data for the United States and find that it accounts well for a range of sectoral price facts. (JEL E12, E21, E31, E32, E43, E52)

scholarly journals The Fragility of Women’s Work Trajectories in Chile

2021 ◽  
Vol 10 (5) ◽  
pp. 148
Author(s):  
Rosario Undurraga ◽  
Jóna Gunnarsson
Keyword(s):  
Labor Market ◽  
Qualitative Study ◽  
Social Development ◽  
Gender Equality ◽  
Market Segmentation ◽  
Women Professionals ◽  
Women's Labor ◽  
Labor Market Segmentation ◽  
The Impact ◽  
Chilean Women

How are the work trajectories of Chilean women? This qualitative study analyzes the female work trajectories through interviews and biograms in a sample of 50 Chilean women, professionals and non-professionals, between the ages of 24 and 88. The article proposes an original typology of female work trajectories and relates type of work trajectory with Piore’s theory of labor market segmentation. The paper discusses the challenges and weaknesses of the Chilean women’s labor outcome and presents recent data to extrapolate the impact of the COVID-19 pandemic on vulnerable work trajectories. It considers the type of State and possible actions to achieve greater welfare and social development regarding gender equality.

scholarly journals The Taylor principle is valid under wage stickiness

2016 ◽  
Vol 16 (2) ◽  
Author(s):  
Alexis Blasselle ◽  
Aurélien Poissonnier
Keyword(s):  
Continuous Time ◽  
Limit Case ◽  
Policy Rule ◽  
Price Inflation ◽  
Trade Off ◽  
Wage Stickiness ◽  
Keynesian Model ◽  
Monetary Policy Rule ◽  
Relevant Variables ◽  
Wage Inflation

AbstractWe consider the textbook neo-Keynesian model with staggered prices and wages in discrete time. We prove analytically that the Taylor principle holds in this case. When both contracts exhibit sluggish adjustment to market conditions, the policy maker faces a trade-off between stabilizing three welfare relevant variables: output, price inflation and wage inflation. We consider a monetary policy rule designed accordingly: the central banker can react to both inflations and the output gap. In addition to generalizing the Taylor principle we show that the frontier of determinacy embeds the frontier derived with staggered prices only, generalizes the frontier of determinacy in the limit case of continuous time and is symmetric in price and wage inflations.

scholarly journals Nervous Control of Movement in Annelids

1960 ◽  
Vol 37 (1) ◽  
pp. 46-56
Author(s):  
DONALD MELVIN WILSON
Keyword(s):  
Motor Neurons ◽  
Fast Response ◽  
Slow Response ◽  
Nervous Control ◽  
Chemical Stimuli ◽  
Nerve Muscle ◽  
Slow System ◽  
Fast Responses ◽  
Stimulation Of

1. Nerve muscle preparations of the segmental nerves and associated muscles have been made using a nereid polychaete, Neanthes brandti (Malmgren). 2. Two kinds of response, differing in threshold and latency, were found. The ‘fast’ response is large at the first shock and (at frequencies above 1/sec.) decreases thereafter. The ‘slow’ response is small but facilitates with repetition at frequencies above 10/sec. Facilitation reaches a maximum after 3 or 4 shocks. 3. Isolated parapodia show several distinct reflex movements to mechanical and chemical stimuli. These must involve motor neurons in the parapodial ganglion. 4. Stimulation of the segmental nerves of the leech, Hirudo, evokes facilitating muscle potentials resembling in most details those of the ‘slow‘ system in Neanthes. 5. The ‘fast’ and ‘slow’ responses are discussed in comparison with other invertebrate systems, especially those of arthropods. The ‘slow’ responses in annelids show less facilitation. The ‘fast’ responses of polychaetes fatigue quickly and are probably useful only in ‘startle’ responses.

RETAIL ISLAMIC FINANCIAL SERVICES IN NORTH AMERICA: THE (UPPER) MICHIGAN CONNECTION

2014 ◽  
Vol 19 (02) ◽  
pp. 1450010
Author(s):  
BRIAN ARTHUR ZINSER
Keyword(s):  
United States ◽  
North America ◽  
Market Segmentation ◽  
Financial Services ◽  
Services Marketing ◽  
Roman Catholic ◽  
The United States ◽  
Financial Services Marketing ◽  
Ann Arbor

The purpose of this paper is to explore how a small remote Midwestern bank reformulated itself into a major marketer of retail Islamic financial services in the United States and influenced Islamic financial services marketing in North America. The paper is based on a review of existing literature and a case study of how University Bank, now based in Ann Arbor, Michigan, has become the leading provider of Islamic financial services in the United States. University Bank whose principals are Roman Catholic identified the Muslim market in Southeast Michigan as measurable, differentiable, accessible and substantial. As part of the Bank's reformulation strategy it has successfully executed a strategic plan to capture this growing market in the United States and North America. The paper draws attention to the often ignored attractiveness of the Muslim market in North America as well as highlights how a small, nimble organization has been able to capitalize on using Muslims as a market segmentation variable.

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