Dixon, Huw David; Luintel, Prof. Kul B; Tian, Kun - Economics Section, Cardiff Business School - 2014
This paper takes the locally collected price-quotes used to construct the CPI index in the UK for the period 1996-2013 to explore the impact of the crisis on the pricing behavior of firms. We develop a time-series framework which is able to capture the link between macro- economic variables...