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- Publications
- Influence
Sticky Prices and Monetary Policy Shocks
- Mark Bils, P. Klenow, Oleksiy Kryvtsov
- Economics
- 2003
Models with sticky prices predict that monetary policy changes will affect relative prices and relative quantities in the short run because some prices are more flexible than others. In U.S. micro… Expand
Inventories and Real Rigidities in New Keynesian Business Cycle Models
- Oleksiy Kryvtsov, Virgiliu Midrigan
- Economics
- 1 June 2010
Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stockouts. This paper extends their analysis to a richer… Expand
Inventories, Markups, and Real Rigidities in Menu Cost Models
- Oleksiy Kryvtsov, Virgiliu Midrigin
- Economics
- 1 January 2009
Real rigidities that limit the responsiveness of real marginal cost to output are a key ingredient of sticky price models necessary to account for the dynamics of output and inflation. We argue here,… Expand
Adopting Price-Level Targeting under Imperfect Credibility
- Oleksiy Kryvtsov, Malik Shukayev, Alexander Ueberfeldt
- Economics
- 2008
This paper measures the welfare gains of switching from inflation-targeting to price-level targeting under imperfect credibility. Vestin (2006) shows that when the monetary authority cannot commit to… Expand
- 40
- 2
- PDF
The evolution of firm-level distributions for Ukrainian manufacturing firms
- K. Huynh, David T. Jacho-Chávez, Oleksiy Kryvtsov, Oleksandr Shepotylo, Volodymyr Vakhitov
- Economics
- 1 February 2016
We document rich variation across observed firms’ characteristics, and the accompanying macroeconomic volatility, often related to political turmoil for Ukrainian manufacturing firms. We use a unique… Expand
Multi-Product Pricing: Theory and Evidence From Large Retailers in Israel
- M. Bonomo, C. Carvalho, Oleksiy Kryvtsov, Sigal Ribon, R. Rigato
- Economics
- 27 April 2020
Les theories habituelles sur l’ajustement des prix sont fondees sur le probleme des entreprises a produit unique. Elles pourraient donc ne pas convenir a l’analyse de la dynamique des prix au sein… Expand
Adopting price-level targeting under imperfect credibility in ToTEM
- Gino Cateau, Oleksiy Kryvtsov, Malik Shukayev, Alexander Ueberfeldt
- Economics
- 2009
Using the Bank of Canada's main projection and policy-analysis model, ToTEM, this paper measures the welfare gains of switching from inflation targeting to price-level targeting under imperfect… Expand
- 27
- 2
- PDF
On the Importance of Sales for Aggregate Price Flexibility
- Oleksiy Kryvtsov, N. Vincent
- Business
- 2014
Macroeconomists have traditionally ignored the behavior of temporary price markdowns (“sales”) by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to… Expand
- 30
- 1
- PDF
On the Nexus of Monetary Policy and Financial Stability: Recent Developments and Research
- Oleksiy Kryvtsov, Miguel Molico, B. Tomlin
- Economics
- 2015
Because financial and macroeconomic conditions are tightly interconnected, financial stability considerations are an important element of any monetary policy framework. Yet, the circumstances under… Expand
- 4
- 1
- PDF
Central Bank Communication that Works: Lessons from Lab Experiments
- Oleksiy Kryvtsov, L. Petersen
- Economics
- 1 May 2020
Abstract The causal effects of central bank communication on economic expectations and their underlying mechanisms are tested in controlled laboratory experiments. We find that central bank… Expand