We show that U.S. banks price deposits almost uniformly across their branches and that this pricing practice is crucial …

Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although … sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered … out. We challenge this view. First, using the 1996 - 2012 data set of the U.K. CPI monthly price quotes, we document a …

This paper develops a framework for investigating dynamic competition in markets where price is negotiated between an … through other lenders in the marketplace. We build a dynamic model of price negotiation with search and switching frictions to …

Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be … well suited to analyze price dynamics in the economy with multiproduct firms. To guide new theory, we study a unique … retail store synchronizes its regular price changes around occasional "peak" days when, once or twice a month, it reprices …

-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer … depreciation in Canadian dollar is associated with a 0.18 (0.25 conditional on price changes in the currency of pricing) percent … increase in domestic prices, and a 0.39 (0.60 conditional on price changes in the currency of pricing) percent increase in …