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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
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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
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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
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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
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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
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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
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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
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Price Setting and Price Adjustment in Some European Union Countries: Introduction to the Special Issue
Levy, Daniel; Smets, Frank - Department of Economics, Bar Ilan University - 2010
European Central Bank’s Inflation Persistence Network. …
Persistent link: https://www.econbiz.de/10008873304
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Shrinking Goods
Levy, Daniel; Snir, Avichai - Rimini Centre for Economic Analysis (RCEA) - 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/10010656019
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Shrinking Goods
Levy, Daniel; Snir, Avichai - Deutsche Zentralbibliothek für … - 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/10011093856