Sticky price models featuring heterogeneous firms and systematic firm-level productivity trends deliver radically …

We present a sticky-price model incorporating heterogeneous Firms and systematic firm-level productivity trends … canonical sticky price models featuring homogenous Firms: (1) the optimal steady-state inflation rate generically differs from …

We present a sticky-price model incorporating heterogeneous firms and systematic firm-level productivity trends … canonical sticky price models featuring homogenous firms: (1) the optimal steady-state inflation rate generically differs from …

This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …

in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by … estimating an EGARCH model. It turns out the volatility process is asymmetrical: an unexpected increase in the producer price has … a larger effect on the variance of the producer price than an unexpected decrease. We do not find strong evidence for …

influence of cocoa prices on consumer price inflation is strong and statistically significant. The influence of the budget …

We investigate the relationship between inflation and price variation using highly disaggregated, weekly price data for … rates of price change and price dispersion, both at the level of individual products and product groups. However, we find no … correlation between the rates of price change and price variability. Together with results from similar studies, Tommasi (1993 …

This paper studies the price and employment response of firms to the introduction of a nation-wide minimum wage in … insignificant. In contrast, affected firms increased prices much more frequently. The price effect is prevalent across different … degree of price pass-through were high and firms rolled over the lion's share of the costs generated by the minimum wage to …