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 …

to reduce prices generates faster sales and hence improves social welfare, the usual commission rate of 6 percent exceeds …

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 …

, business leaders, academics, and policymakers. First, the decline in real oil prices that followed the 1970s' oil shocks is … domestic supplies in response to higher prices. The second lesson of the conference, however, is that any prediction about oil … funds has increased the volatility of oil prices. Finally, changes in oil prices still have large effects on the economy …

time. Many economists, skeptical that a bubble existed, attempted to justify the historic run-up in housing prices based on … geography were particularly "bubble-prone," yet the data shows that the cities with the biggest gyrations in house prices were … guidance as to what should be the "correct" level of asset prices -- including housing prices. Thus, while optimistic forecasts …