{"id":"https://openalex.org/W1542801295","doi":"https://doi.org/10.2139/ssrn.870547","title":"Assessing Predetermined Expectations in the Standard Sticky-Price Model: A Bayesian Approach","display_name":"Assessing Predetermined Expectations in the Standard Sticky-Price Model: A Bayesian Approach","publication_year":2005,"publication_date":"2005-01-01","ids":{"openalex":"https://openalex.org/W1542801295","doi":"https://doi.org/10.2139/ssrn.870547","mag":"1542801295"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.870547","doi":"https://doi.org/10.2139/ssrn.870547","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.870547","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.870547","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5063733116","display_name":"Peter Welz","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I153515283","display_name":"European Central Bank","ror":"https://ror.org/00ajckn66","country_code":"DE","type":"government","lineage":["https://openalex.org/I1320481043","https://openalex.org/I153515283"]}],"countries":["DE"],"is_corresponding":true,"raw_author_name":"Peter Welz","raw_affiliation_strings":["European Central Bank, Kaiserstrasse 29, Frankfurt am Main, DE D-60311, Germany","EUROPEAN CENTRAL BANK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"European Central Bank, Kaiserstrasse 29, Frankfurt am Main, DE D-60311, Germany","institution_ids":["https://openalex.org/I153515283"]},{"raw_affiliation_string":"EUROPEAN CENTRAL BANK","institution_ids":["https://openalex.org/I153515283"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5063733116"],"corresponding_institution_ids":["https://openalex.org/I153515283"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.002199999988079071,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sticky-price-model","display_name":"sticky-price models","score":0.6769999861717224},{"id":"https://openalex.org/keywords/new-keynesian-model","display_name":"New Keynesian model","score":0.7739999890327454},{"id":"https://openalex.org/keywords/price-setting","display_name":"price setting","score":0.6819999814033508},{"id":"https://openalex.org/keywords/monetary-policy-shocks","display_name":"monetary policy shocks","score":0.6269999742507935},{"id":"https://openalex.org/keywords/preference-shocks","display_name":"preference shocks","score":0.9599999785423279},{"id":"https://openalex.org/keywords/inflation-dynamics","display_name":"inflation dynamics","score":0.7749999761581421},{"id":"https://openalex.org/keywords/output-dynamics","display_name":"output dynamics","score":0.9620000123977661},{"id":"https://openalex.org/keywords/bayesian-estimation","display_name":"Bayesian estimation","score":0.6489999890327454},{"id":"https://openalex.org/keywords/german-economy","display_name":"German economy","score":0.4690000116825104}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8363202214241028},{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.7850391268730164},{"id":"https://openalex.org/C200941418","wikidata":"https://www.wikidata.org/wiki/Q273508","display_name":"Inflation (cosmology)","level":2,"score":0.6541043519973755},{"id":"https://openalex.org/C2781300812","wikidata":"https://www.wikidata.org/wiki/Q178061","display_name":"Shock (circulatory)","level":2,"score":0.6423726677894592},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.5880563259124756},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.583366334438324},{"id":"https://openalex.org/C107673813","wikidata":"https://www.wikidata.org/wiki/Q812534","display_name":"Bayesian probability","level":2,"score":0.5318120718002319},{"id":"https://openalex.org/C68022304","wikidata":"https://www.wikidata.org/wiki/Q842217","display_name":"Bayes estimator","level":3,"score":0.5020720958709717},{"id":"https://openalex.org/C3019439881","wikidata":"https://www.wikidata.org/wiki/Q1200230","display_name":"Price setting","level":2,"score":0.49622660875320435},{"id":"https://openalex.org/C2992086627","wikidata":"https://www.wikidata.org/wiki/Q8046","display_name":"German economy","level":3,"score":0.4781675934791565},{"id":"https://openalex.org/C89246107","wikidata":"https://www.wikidata.org/wiki/Q1398821","display_name":"Rule of thumb","level":2,"score":0.45837002992630005},{"id":"https://openalex.org/C137703641","wikidata":"https://www.wikidata.org/wiki/Q4874480","display_name":"Bayesian vector autoregression","level":3,"score":0.454723984003067},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.45250946283340454},{"id":"https://openalex.org/C165556158","wikidata":"https://www.wikidata.org/wiki/Q83937","display_name":"Keynesian economics","level":1,"score":0.3921222388744354},{"id":"https://openalex.org/C154775046","wikidata":"https://www.wikidata.org/wiki/Q188","display_name":"German","level":2,"score":0.2920858860015869},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.18071439862251282},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10617837309837341},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.0},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C33332235","wikidata":"https://www.wikidata.org/wiki/Q18362","display_name":"Theoretical physics","level":1,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":6,"locations":[{"id":"doi:10.2139/ssrn.870547","doi":"https://doi.org/10.2139/ssrn.870547","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.870547","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:ecb:ecbwps:20060621","doi":null,"is_oa":false,"landing_page_url":"http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp621.pdf","pdf_url":"http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp621.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"preprint"},{"id":"pmh:oai:RePEc:ecb:ecbwps:2006621","doi":null,"is_oa":false,"landing_page_url":"https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp621.pdf","pdf_url":"https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp621.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.165.3517","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.165.3517","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.ecb.int/pub/pdf/scpwps/ecbwp621.pdf","raw_type":"text"},{"id":"mag:1542801295","doi":null,"is_oa":true,"landing_page_url":"https://www.econstor.eu/bitstream/10419/153055/1/ecbwp0621.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:econstor.eu:10419/153055","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10419/153055","pdf_url":null,"source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"doc-type:workingPaper"}],"best_oa_location":{"id":"doi:10.2139/ssrn.870547","doi":"https://doi.org/10.2139/ssrn.870547","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.870547","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W1541708368","https://openalex.org/W1595956136","https://openalex.org/W1605111807","https://openalex.org/W1609127433","https://openalex.org/W1994121926","https://openalex.org/W2023702263","https://openalex.org/W2038010378","https://openalex.org/W2114519883","https://openalex.org/W2120096870","https://openalex.org/W2134943433","https://openalex.org/W2144395073","https://openalex.org/W2147644661","https://openalex.org/W2571446175","https://openalex.org/W3121675720","https://openalex.org/W3121900164"],"related_works":["https://openalex.org/W98203867","https://openalex.org/W1825855469","https://openalex.org/W2785245166","https://openalex.org/W1599440866","https://openalex.org/W2168071013","https://openalex.org/W2158820259","https://openalex.org/W2114519883","https://openalex.org/W7099073020","https://openalex.org/W7006223008","https://openalex.org/W3007394595"],"abstract_inverted_index":null,"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-10-12T09:40:04.860316","created_date":"2016-06-24T00:00:00"}