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This study estimates a model of overlapping nominal price contracts over three distinct monetary policy regimes, testing the stability of the parameters in the model across regimes. Upon finding a model that is stable over the three subsamples, the model then holds for the most recent monetary...
Persistent link: https://www.econbiz.de/10005379719
goods from a major shopping platform, this paper explores how prices are set in online markets, which have a number of … special properties such as low search costs, low costs of monitoring competitors' prices, and low costs of nominal price …
Persistent link: https://www.econbiz.de/10011274546
reset-price inflation to exchange rate shocks exhibits significant persistence. Individual import prices, conditional on … imports, like that for consumer prices, exhibits little persistence. Competitor prices affect firm pricing, and exchange rate … pass-through into import prices is greater in response to trade-weighted, as opposed to bilateral, exchange rate shocks. We …
Persistent link: https://www.econbiz.de/10008598706
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for the Connecticut Business and Industry Association’s 2008 Economic Summit and Outlook, Hartford, Connecticut. January 8, 2008
Persistent link: https://www.econbiz.de/10010726547
Presented by Eric S. Rosengren, President and Chief Executive Officer, Federal Reserve Bank of Boston, for The Seventeenth Annual Vermont Economic Outlook Conference, Burlington, Vermont, January 11, 2008
Persistent link: https://www.econbiz.de/10010726564
Supply and demand functions are typically estimated using uniform prices and quantities across products, but where … with distance between models in quality space. Using data on prices, technical attributes, and shipments of personal …
Persistent link: https://www.econbiz.de/10005713287
We study a model of portfolio choice, in which housing prices are predictable and adjustment costs must be paid when …; and (ii) the time-varying expected growth rate of housing prices. The agent buys (sells) his housing assets only when the … growth rate of housing prices. Finally, we use household level data from the PSID and SIPP surveys to test and support the …
Persistent link: https://www.econbiz.de/10008468118
inertia to the price level. These models incorporate expectations of future prices and excess demand by imposing constraints … empirical significance of future prices in specifications like those of Taylor. I find that expectations of future prices are …
Persistent link: https://www.econbiz.de/10005501364
to reduce prices generates faster sales and hence improves social welfare, the usual commission rate of 6 percent exceeds …
Persistent link: https://www.econbiz.de/10008623373
answer this question the authors use a dataset with product-level retail prices and wholesale costs for a large grocery chain … border gaps in prices and costs co-move almost one-to-one with changes in the U.S.-Canadian nominal exchange rate. They show …
Persistent link: https://www.econbiz.de/10008623382