We analyze price dispersion using panel data from a large price comparison site. We use past pricing behavior to … greater price adjustment costs result in greater price dispersion. Although the impact of price adjustment costs on price … dispersion became weaker over time, the causal effect of price adjustment costs on price dispersion is still present at the end …

This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in … insignificant. In contrast, affected firms increased prices much more frequently. The price effect is prevalent across different … degree of price pass-through were high and firms rolled over the lion's share of the costs generated by the minimum wage to …

production. We assume that price setters are constrained by the existence of Calvo (1983) contracts which enables us to measure … the extent of price inertia across industrial sectors. We further allow for the possibility that some firms set prices to … estimate the resulting price-setting equations for 18 US manufacturing industries defined at the SIC 2-digit level over the …

NKPC. Specifically our model accounts for nominal inertia in both price and wage setting as well for habits in consumption … price-setting in Europe; (ii) wage contracts last longer in the US; (iii) the extent of backward-looking behaviour in price …

heterogeneity in price stickiness, sector size, and input-output linkages. We calibrate a 341 sector version of the model to the … United States. Both theoretically and empirically, sectoral heterogeneity in price rigidity (i) generates sizable GDP …

Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically …