In the United States, the inflation and output of durable and nondurable goods respond to a monetary policy shock in the same direction with a delay. However, the existing New Keynesian dynamic stochastic general equilibrium models that generate the positive output comovement cannot explain this delayed response in sectoral inflation. We show that adding sticky information to both goods along with heterogeneous factors of production can explain the observed patterns in sectoral inflation and output. Moreover, in line with recent empirical findings, the estimated information stickiness is larger for housing than for nondurable goods and services.

中文翻译：

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具有耐用品的两部门模型中的产出联动和通货膨胀动态：粘性信息和异质要素市场的作用

在美国，耐用品和非耐用品的通货膨胀和产出对同方向的货币政策冲击做出反应，但会有延迟。然而，产生正产出联动的现有新凯恩斯动态随机一般均衡模型无法解释部门通胀的这种延迟反应。我们表明，将粘性信息与异质生产要素一起添加到两种商品中可以解释观察到的部门通胀和产出模式。此外，根据最近的实证结果，估计住房的信息粘性大于非耐用品和服务。