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Small Price Responses to Large Demand Shocks

Gagnon, Etienne; Lopez-Salido, J. David - Federal Reserve Board (Board of Governors of the … - 2014

match their local competitors' pricing movements and recourse to sales and promotions. …

Persistent link: https://www.econbiz.de/10010784151

Improving the forecast accuracy of provisional data: an application of the Kalman filter to retail sales estimates

Pauls, B. Dianne - Federal Reserve Board (Board of Governors of the … - 1987

estimates of retail sales. Successive estimates of retail sales are modeled jointly as a vector autoregressive process …, incorporating panel rotation and calendar effects. Estimates of retail sales based on this model are then combined with the raw …

Persistent link: https://www.econbiz.de/10005368331

The effects of weather on retail sales

Starr-McCluer, Martha - Federal Reserve Board (Board of Governors of the … - 2000

constraints, may induce substitution in spending across goods and over time. Using monthly data on retail sales and weather data … sales fluctuations. However, lagged effects often offset original effects, so that weather's influence tends to wash out at …

Persistent link: https://www.econbiz.de/10005721159

Yesterday's bad times are today's good old times: retail price changes in the 1890s were smaller, less frequent, and more permanent

Kackmeister, Alan - Federal Reserve Board (Board of Governors of the … - 2005

This paper compares nominal price rigidity in retail stores during two 28-month periods: 1889-1891 and 1997-1999. The 1889-1891 microdata price quotes show: 1. a lower frequency of price changes; 2. a smaller average magnitude of price changes; 3. fewer "small" price changes; and, 4. fewer...

Persistent link: https://www.econbiz.de/10005394006

Sticky prices: new evidence from retail catalogs

Kashyap, Anil K. - Federal Reserve Board (Board of Governors of the … - 1990

Persistent link: https://www.econbiz.de/10005512983

Mexico's balance-of-payments crisis: a chronicle of death foretold

Calvo, Guillermo A.; Mendoza, Enrique G. - Federal Reserve Board (Board of Governors of the … - 1996

This paper claims that the roots of Mexico's balance-of-payments crisis are found in the prevailing high degree of … sustainability of currency pegs. Econometric analysis suggests that 1/2 of Mexico's reserve losses could be accounted for by these …

Persistent link: https://www.econbiz.de/10005368138

Politics, economics and investment: explaining plant and equipment spending by U.S. direct investors in Argentina, Brazil, and Mexico

Stevens, Guy V.G. - Federal Reserve Board (Board of Governors of the … - 1994

manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …

Persistent link: https://www.econbiz.de/10005368143

The syndrome of exchange-rate-based stabilizations and the uncertain duration of currency pegs

Mendoza, Enrique G.; Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1996

-improving. The model's potential empirical relevance is examined further by reviewing Mexico's post-war experience with the collapse …

Persistent link: https://www.econbiz.de/10005368223

The monetary transmission mechanism in Mexico

Copelman, Martina; Werner, Alejandro M. - Federal Reserve Board (Board of Governors of the … - 1995

, particularly to bank loans, can have real effects. This paper presents new evidence on the credit hypothesis for the case of Mexico …

Persistent link: https://www.econbiz.de/10005368314

Convertibility risk, default risk, and the Mexdollar anomaly

Rogers, John H. - Federal Reserve Board (Board of Governors of the … - 1995

suggests an additional factor influencing money demand in Mexico. The second result is evidence against my convertibility risk …

Persistent link: https://www.econbiz.de/10005368349