dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

We study a unique dataset with comprehensive coverage of daily prices in large multi-product retailers in Israel …

dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

We study a unique dataset with comprehensive coverage of daily prices in large multi-product retailers in Israel …

Models with sticky prices predict that monetary policy changes will affect relative prices and relative quantities in … the short run because some prices are more flexible than others. In U.S. micro data, the degree of price stickiness … not. Short-run responses of relative prices have the wrong sign. And monetary policy shocks seem to have persistent …

response to a monetary contraction, firms facing costs of decreasing regular prices post more sales, and households spend more …

business cycles. These models predominantly assume that non-reoptimized prices are indexed to lagged or average inflation. The … micro level. Under indexation firms have less incentive to adjust their prices, which implies downward bias in the estimated …