effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period … country to another. Inflation did not soar in most Asian countries, including Thailand and Korea, after the exchange rate … depreciated during the crisis. Indonesia, however, suffered very high inflation following a very large nominal depreciation of the …

rate. Multiple margins of adjustment (frequency of price changes, direction of price changes, size of price changes, exit … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of … sellers, and returns to search effort are important determinants of pass-through and speed of price adjustment for …

A major challenge for monetary policy is predicting how exchange rate movements will impact inflation. We propose a new …

robust positive relationship between exchange rate pass-through and the dispersion of item-level price changes. We show this …

slightly more supportive of a relative price view of real exchange rates. However, the panel regressions incorporating …

financial institution recovers from the shock at a random time, the trader representing the institution observes this recovery … exposure. Cognition limits lengthen the market price recovery. They also imply that traders who find that their institution has … not yet recovered from the shock place market sell orders, and then progressively buy back at relatively low prices, while …

informational efficiency of the price system. We show that, when agents have private information about monetary shocks, the cost can …

. In particular, we look at the frequency and magnitudes of price changes in both countries and find that the results in …

is to document and explain this price dispersion. Using a panel data set extending from 1980 to 1993, we first … differentiation. The model identifies three potential sources for the international price differences: price elasticities generating … differences in markups, costs, and import quota constraints. Local currency price stability can be attributed either to the …