Showing 1 - 10 of 269
Persistent link: https://www.econbiz.de/10000953004
Persistent link: https://www.econbiz.de/10000619657
Persistent link: https://www.econbiz.de/10012008586
Persistent link: https://www.econbiz.de/10000949686
Persistent link: https://www.econbiz.de/10001510575
Persistent link: https://www.econbiz.de/10003770430
Persistent link: https://www.econbiz.de/10009518074
In the data, a large fraction of price changes are temporary. We provide a simple menu cost model which explicitly includes a motive for temporary price changes. We show that this simple model can account for the main regularities concerning temporary and permanent price changes. We use the...
Persistent link: https://www.econbiz.de/10003722992
In the data, a sizable fraction of price changes are temporary price reductions referred to as sales. Existing models include no role for sales. Hence, when confronted with data in which a large fraction of price changes are sales related, the models must either exclude sales from the data or...
Persistent link: https://www.econbiz.de/10003479621
theory for persistence have some modest support: in the data, the stickier is the price of a good the more persistent is its … real exchange rate, but the theory predicts much more variation in persistence than is in the data. The predictions of the … theory for volatiity fare less well: in the data, the stickier is the price of a good the smaller is its conditional variance …
Persistent link: https://www.econbiz.de/10003579972