Firm Specific Menu Costs, Imperfect Competition, and Sticky Prices

公司特定的菜单成本、不完全竞争和粘性价格

• 批准号: 9410626
• 负责人: William Jackson
• 金额: $ 15.78万
• 依托单位: University of North Carolina at Chapel Hill
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 1994
• 资助国家: 美国
• 起止时间: 1994-10-15 至 1998-12-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9410626&HistoricalAwards=false
• 关键词: Firm; Specific; Menu; Costs; Imperfect

9410626 Jackson This research will examine how commercial bank deposit rates respond to changes in market interest rates, and how the speed of response depends on market characteristics. The empirical study uses data on the interest rates banks set for different types of deposits. The empirical models control for the way banks in different localities change prices in response to changes in national Treasury Bill rates, and allow for the possiblity that banks determine service quality, among other things. This project is significant because it provides results that would be a useful contribution to our knowledge of the importance and determinants of price rigidities in the banking industry.

这项研究将考察商业银行存款利率如何对市场利率的变化作出反应，以及反应的速度如何取决于市场特征。实证研究使用了银行为不同类型存款设定的利率数据。经验模型控制了不同地区的银行根据国家国库券利率的变化而改变价格的方式，并考虑了银行决定服务质量等因素的可能性。该项目意义重大，因为它提供的结果将有助于我们了解银行业价格刚性的重要性和决定因素。