-intensive sectors asymmetrically: prices of labor-intensive goods change less than do prices of capital-intensive goods. In addition …, when prices are costly to adjust, more firms in the capital-intensive sectors optimally choose to update their prices than …

price inflation." Reset price inflation is the rate of change of all desired prices (including for goods that have not …

spot-futures spread), confirming that spot prices mean-revert and normally exceed discounted futures. However, these …. In addition, I find reversion of spot to futures prices only when backwardation is severe. Convenience yield behaves … prices only when spot prices substantially exceed futures. …

-related changes in prices were found to be very small. …