Conventional wisdom suggests that producer prices are more rigid than consumer prices and therefore play less of a role … for the producer price index, we find that producer prices for finished goods and services in fact exhibit roughly the … same rigidity as consumer prices that include sales and substantially less rigidity than consumer prices that exclude them …

In this paper, we derive two new measures of international relative prices for Norway. Developments in these new …

estimates are potentially inefficient and open to omitted variable bias for two reasons. First, they use average prices across … outlets as the left-hand-side variable. Second, quality-adjusted prices of non-comparable replacements, required when products …