Cotton, Christopher D.; Garga, Vaishali - 2022 - This version: June 2022
We analyze the impact of shifts in the industrial composition of the economy on the distribution of the frequency of … industrial composition led to a gradual reduction in the median monthly frequency of price change from 9.2 percent in 1947 to 6 … declines were broadly driven by a shift in the industrial composition of the economy from primary and secondary industries …