Cost ; Managerial and Customer Cost of Price Adjustment ; Pricing ; Price System ; Price Setting ; New Keynesian Economics …This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are … European Central Bank's Inflation Persistence Network. -- Price Rigidity ; Price Flexibility ; Cost of Price Adjustment ; Menu …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are …

bought for a large number of goods, in addition to consumer characteristics, we provide estimates of price elasticities of … demand and on the degree of demand-side real rigidities. We find that price elasticites of demand are about 4 in the median …

bought for a large number of goods, in addition to consumer characteristics, we provide estimates of price elasticities of … demand and on the degree of demand-side real rigidities. We find that price elasticities of demand are about 4 in the median …

This paper presents a model of asymmetric (S,s) pricing. We investigate whether the asymmetry on micro level is carried … softens this effect. The second type of asymmetry is the result of pricing behavior, thus of agent heterogeneity itself. -- (S …,s) pricing ; heterogeneity ; asymmetry ; four-state shocks …

We propose a price-setting model which helps reconcile microeconomic evidence of relatively frequent and large price … changes with persistent real effects of monetary shocks. In our model, both price adjustments and the gathering of some types …, and can be factored into pricing decisions costlessly. We estimate three versions of the model by a Simulated Method of …

competitive sectors—separately parameterized to match the same microdata on price flexibility—the oligopoly economy features a …

-neutrality generated in both time and state-dependent pricing models. I find that the real effects of monetary shocks importantly depend on …