sellers, median price, share of convenient prices and level of seller stability, are important factors for explaining price … stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …

sellers, median price, share of convenient prices and level of seller stability, are important factors for explaining price … stickiness and price dispersion. We demonstrate that calculations of price inflation require conditioning not only on CPU quality …

. It is shown that when information is not perfect, menu costs combined with the aggregate price level serving as an … information to other firms by changing their prices. Because the cost of changing price is borne by a firm but the benefit from … by other firms via the price level. The information externality and menu costs reinforce each other in delaying price …

We study the cyclical properties of sales, regular price changes and average prices paid by consumers ("effective …" prices) in a dataset containing prices and quantities sold for numerous retailers across a variety of U.S. metropolitan areas …. Both the frequency and size of sales fall when local unemployment rates rise and yet the inflation rate for effective …

" prices) using data on prices and quantities sold for numerous retailers across many US metropolitan areas. Inflation in the … effective prices paid by consumers declines significantly with higher unemployment while little change occurs in the inflation …We study the cyclical properties of sales, regular price changes, and average prices paid by consumers ("effective …

We document basic facts about prices in online markets in the U.S. and Canada, a rapidly growing segment of the retail … sector. Relative to prices in regular stores, prices in online markets are more flexible as well as exhibit stronger pass … our dataset to show that degree of competition, stickiness of prices, synchronization of price changes, reputation of …

We study how different forms of communication influence the inflation expectations of individuals in a randomized … controlled trial. We first solicit individuals’ inflation expectations in the Nielsen Homescan panel and then provide eight … different forms of information regarding inflation. Reading the actual Federal Open Market Committee (FOMC) statement has about …

. They also expect lower future inflation, report higher uncertainty, expect lower mortgage rates for up to 10 years, and …