creation in Japan's post-bubble period. With the price level being assumed to be dependent on both goods with free market …, central bank-backed debt-financed price controls and net capital outflows. …

The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate …. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price …

shocks have large and persistent price effects, while output effects tend to be moderate. The 2022 natural gas price spike … winter. Counterfactual simulations of an embargo on natural gas imports from Russia indicate similar positive price and …

gas. A shock decomposition exercise shows that the price of natural gas responds primarily to changes in the curvature of …This paper aims to assess the role of expectations as a determinant of the real price of natural gas. To measure … expectations, especially when measured as functional shocks, lead to strong and persistent increases in the real price of natural …

In this paper we focus on specification of revenue functions in their dual price space. We consider two distance …, both in price space. The former is multiplicative, satisfying homogeneity, the latter is additive satisfying transitivity …

We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables … interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price … discrimination, the platform can condition its fee on sellers' type. In a model with linear demand on each side, we show that price …