Narrow search
Showing 1 - 10 of 167
Cover Image
3 Lessons from Hyperinflationary Periods
Bergen, Mark; Bergen, Thomas; Levy, Daniel; Semenov, Rose - In: Harvard Business Review (2022) Forthcoming
Inflation is painful, for firms, customers, employees, and society. But careful study of periods of hyperinflation …
Persistent link: https://www.econbiz.de/10013457198
Cover Image
Asymmetric Price Adjustment in the Small
Chen, Haipeng (Allan); Levy, Daniel; Ray, Sourav; … - In: Journal of Monetary Economics 55 (2008) 4, pp. 728-737
the small.” Furthermore, it turns out that inflation offers only a partial explanation for the finding. Indeed …, substantial proportion of the asymmetry remains unexplained, even after accounting for the inflation. For example, the asymmetry … holds also after excluding periods of inflation from the data, and even for products whose price had not increased. The …
Persistent link: https://www.econbiz.de/10012140646
Cover Image
Stuck at Zero : Price Rigidity in a Runaway Inflation
Snir, Avichai; Chen, Haipeng (Allan); Levy, Daniel - 2021
rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%–430%. Surprisingly, we … price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month …
Persistent link: https://www.econbiz.de/10013230109
Cover Image
Price Rigidity and Flexibility: New Empirical Evidence
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
Cover Image
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Dhyne, et al. (2007)
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
Discussion of "Lumpy Price Adjustments: A Microeconometric Analysis" by Emmanuel Dhyne, Catherine Fuss, Hashem Pesaran, and Patrick Sevestre (2007); Presented at the Spring 2007 Conference of the Deutsche Bundesbank and the Banque De France on "Micro-Data and Macroeconomic Implications," April...
Persistent link: https://www.econbiz.de/10005836083
Cover Image
Price Rigidity and Flexibility: Recent Theoretical Developments
Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108
Cover Image
Explicit Evidence of an Implicit Contract
Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2013
We offer the first direct evidence of an implicit contract in a goods market. The evidence comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a written evidence of its implicit contract with its consumers—a very explicit form of an implicit contract. The...
Persistent link: https://www.econbiz.de/10011257711
Cover Image
Shrinking Goods
Levy, Daniel; Snir, Avichai - Volkswirtschaftliche Fakultät, … - 2013
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices don't change. We study a situation where producers adjust the quantity per...
Persistent link: https://www.econbiz.de/10011260353
Cover Image
Shrinking Goods and Sticky Prices: Theory and Evidence
Snir, Avichai; Levy, Daniel - Rimini Centre for Economic Analysis (RCEA) - 2011
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...
Persistent link: https://www.econbiz.de/10008863013
Cover Image
Shrinking Goods and Sticky Prices: Theory and Evidence
Snir, Avichai; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2011
If producers have more information than consumers about goods’ attributes, then they may use non-price (rather than price) adjustment mechanisms and, consequently, the market may reach a new equilibrium even if prices remain sticky. We study a situation where producers adjust the quantity (per...
Persistent link: https://www.econbiz.de/10008871165