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The Bank of Japan has published the Corporate Service Price Index (CSPI) since January 1991, and data used in the index has been collected since January 1985. Based on the Bank's ample experiences of compiling the CSPI, this paper has introduced the actual methods of quality adjustment to...
Persistent link: https://www.econbiz.de/10010894623
This paper empirically examines the impact of financial constraints on Japanese firms' pricing behavior. In spite of a large swing in demand in the bubble era and the lost decade, aggregate prices did not fluctuate much in these periods. Such price rigidity can be explained by customer market...
Persistent link: https://www.econbiz.de/10010907508