We test the menu cost model of Ball and Mankiw (1994, 1995), which impliesthat the impact of price dispersion on … inflation should differ between inflation anddeflation episodes, using data for Japan and Hong Kong. We use a random … both the inflation and deflation periods, and the parameteron the second moment changes sign in the deflation period, as …

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on … inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … crosssection sample split when calculating the moments of the distribution of price changes to mitigate the small …

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on … inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random … crosssection sample split when calculating the moments of the distribution of price changes to mitigate the small …

determined externally. To test this relationship, we study the determination of inflation between 1926 and 2012, a longer sample … of inflation both in the full sample and in the subsamples spanning the periods before and after the Sterling parity link. …

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on … inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross …-section sample split when calculating the moments of the distribution of price changes to mitigate the small-cross-sectionsample bias …

We test the menu cost model of Ball and Mankiw (1994, 1995) on data from the inflation and deflation periods in Japan … and Hong Kong. We calculate the moments of the distribution of price changes using a random split procedure to overcome … during both inflation and deflation, is strongly supported. The data are less clear on, but does not reject, the hypothesis …

determined externally. To test this relationship, we study the determination of inflation between 1926 and 2012, a longer sample … of inflation both in the full sample and in the subsamples spanning the periods before and after the Sterling parity link. …

We test the menu cost model of Ball and Mankiw (1994, 1995), which implies that the impact of price dispersion on … inflation should differ between inflation and deflation episodes, using data for Japan and Hong Kong. We use a random cross …-section sample split when calculating the moments of the distribution of price changes to mitigate the small-cross-sectionsample bias …