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Dr. Elena Falcettoni Profile picture
Dr. Elena Falcettoni
@efalcettoni
World traveler, coffee lover, Italian expat. Economist @federalreserve, Affiliate Scholar @HellerHurwicz, PhD from #UMNEcon, proud @Unibocconi Alumna. V=M RT≠E
Jun 1, 2019 • 11 tweets • 8 min read
After some delicious lunch, we’re back at the #womeninmacro conference! Valerie Ramey from @UCSDEcon is next with her paper joint with @chrisnekarda from @federalreserve Board. Views do not represent the views of the System or other research staff members.

#WIMC19 1 @UCSDEcon @chrisnekarda @federalreserve For years, price markups were believed be me countercyclical, but some are procyclical. In New Keynesian models, price markups can be both countercyclical or procyclical, depending on the shocks.

Q: is behavior of price markups consistent with sticky-price NK models?

#WIMC19 2