We offer new evidence on the link between price points and price rigidity using two datasets. One is a large weekly transaction price dataset, covering 29 product categories over an eight-year period from a large U.S. supermarket chain. The other is from the Internet, and includes daily prices...

The Thanksgiving-Christmas holiday period is a major sales period for US retailers. Due to higher store traffic, tasks such as restocking shelves, handling customers’ questions and inquiries, running cash registers, cleaning, and bagging, become more urgent during holidays. As a result, the...

As the third quarter of 2009 comes to a close, the Mexican economy remains severely battered. The latest INEGI data indicate that the second quarter of 2009 brought with it an annual GDP decrease, in real terms, of nearly 10.3 percent. The current consensus outlook calls for the light at the end...

This paper examines the acceptance of peso payments, or currency substitution reverse dollarization, by U.S retail firms near the international border with Mexico. Survey data are drawn from a stratified random sample of 586 retailers located in El Paso, Texas, situated across the border from...

Long-term prospects for the El Paso - Ciudad Juárez borderplex economy call for steady growth. On the north side of the border, the population of El Paso is projected to reach 965 thousand by 2026, the last year of the forecast period. Real gross metropolitan product, the broadest measure of...

For 2009 as a whole, this quarter’s consensus outlook anticipates a steep decline of 6.9 percent in real gross domestic product (GDP). This outlook for inflation-adjusted GDP is not surprising given the panelists expectations for private consumption, as consumers are expected to reduce...