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Unequal Expenditure Switching : Evidence from Switzerland
Auer, Raphael A.; Burstein, Ariel T.; Lein-Rupprecht, … - National Bureau of Economic Research - 2022
What are the unequal effects of changes in consumer prices on the cost of living? In the context of changes in import prices, most analyses focus on variation across households in initial expenditure shares on imported goods. However, the unequal welfare effects of non-marginal foreign price...
Persistent link: https://www.econbiz.de/10012938726
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Microeconomic Evidence on Price-Setting
Klenow, Peter J. - 2010
The last decade has seen a burst of micro price studies. Many studies analyze data underlying national CPIs and PPIs. Others focus on more granular sub-national grocery store data. We review these studies with an eye toward the role of price setting in business cycles. We summarize with ten...
Persistent link: https://www.econbiz.de/10012462825
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The Impact of Sugar-Sweetened Beverage Taxes on Purchases : Evidence from Four City-Level Taxes in the U.S
Cawley, John - 2019
Since 2017, many U.S. cities have implemented taxes on sugar-sweetened beverages (SSBs) to decrease consumption of sugary beverages and raise revenue. In this paper, we analyze household receipt data to examine the impact of SSB taxes on households' purchases of taxed and untaxed beverages in...
Persistent link: https://www.econbiz.de/10012480337
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Are Poor Cities Cheap for Everyone? Non-Homotheticity and the Cost of Living Across U.S. Cities
Handbury, Jessie - 2019
This paper shows that the products and prices offered in markets are correlated with local income-specific tastes. To quantify the welfare impact of this variation, I calculate local price indexes micro-founded by a model of non-homothetic demand over thousands of grocery products. These indexes...
Persistent link: https://www.econbiz.de/10012480518
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J. - 2000
We review the fiscal theory of the price level. We place special emphasis on the theory's implications for the …
Persistent link: https://www.econbiz.de/10012471099
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The Fallacy of the Fiscal Theory of the Price Level
Buiter, Willem H. - 1999
or unsound argument'. The 'fiscal theory of the price level', recently re-developed by Woodford, Cochrane, Sims and … proponents of the fiscal theory of the price level do not accept the fundamental proposition that the government's intertemporal …. Policy conclusions could be drawn from the fiscal theory of the price level that would be harmful if they influenced the …
Persistent link: https://www.econbiz.de/10012471482
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The Assessment of National Price Levels
Kravis, Irving B. - 1986
, that are superior to those implied by the absolute or relative versions of purchasing power parity theory. The structural …
Persistent link: https://www.econbiz.de/10012477162
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Exchange Rates and Prices
Dornbusch, Rudiger - 1985
The appreciation of the U.S. dollar over the past five years opens important areas of research. The fact of a large and persistent real appreciation poses a challenge for equilibrium theorists to uncover the change in fundamentals and seems to support the role of long-term wage contracts in...
Persistent link: https://www.econbiz.de/10012477307
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The Economics of Price Scissors
Sah, Raaj Kumar - 1983
We analyze consequences of changing the terms of trade between agriculture and industry on capital accumulation and on welfare of workers in different sectors. The issue was central to Soviet industrialization debate and it remains important in today's developing world. Through a simple general...
Persistent link: https://www.econbiz.de/10012477945
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Inflexible Relative Prices and Price Level Inertia
Blanchard, Olivier J. - 1983
A decrease in aggregate demand at given prices and wages decreases output and employment. The decrease in employment exerts downward pressure on real wages. The decrease in production exerts downward pressure on markups. With perfectly synchronized price and wage decisions, nominal wages and...
Persistent link: https://www.econbiz.de/10012477954