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On the importance of sales for aggregate price flexibility
Kryvtsov, Oleksiy; Vincent, Nicolas - 2014
Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the 1996 -...
Persistent link: https://www.econbiz.de/10010418254
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Multi-product pricing : theory and evidence from large retailers in Israel
Bonomo, Marco Antonio; Carvalho, Carlos Viana de; … - 2020 - Last updated: April 7, 2020
Standard theories of price adjustment are based on the problem of a single-product firm, and therefore they may not be well suited to analyze price dynamics in the economy with multiproduct firms. To guide new theory, we study a unique dataset with comprehensive coverage of daily prices in large...
Persistent link: https://www.econbiz.de/10012200355
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Market structure and cost pass-through in retail
Hong, Gee Hee; Li, Nicholas - 2013
We examine the extent to which vertical and horizontal market structure can together explain incomplete retail pass-through. To answer this question, we use scanner data from a large U.S. retailer to estimate product level pass-through for three different vertical structures: national brands,...
Persistent link: https://www.econbiz.de/10009714472
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The sensitivity of producer prices to exchange rates : insights from micro data
Cao, Shutao; Dong, Wei; Tomlin, Ben - 2012
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices. First, we find that both domestic and...
Persistent link: https://www.econbiz.de/10009565858
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Digitalization : prices of goods and services
Chu, Vivian; Dahlhaus, Tatjana; Hajzler, Christopher - 2023
What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price...
Persistent link: https://www.econbiz.de/10014392978
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Cost-price relationships in a concentrated economy
Bräuning, Falk; Fillat Comenge, José Luis; Joaquim, … - 2023 - This version: April 2023
prices and how it is affected by industry concentration. On average, we find, prices increase above trend growth for three … there is an increase in concentration similar to the one observed over the last 20 years. This differential effect depending … on concentration is primarily driven by a larger pass-through of positive shocks that increase costs. Consistent with a …
Persistent link: https://www.econbiz.de/10014414283
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Market concentration and producer prices
Torun, Huzeyfe; Yassa, Ahmet Duhan - In: Central Bank review / Central Bank of the Republic of Turkey 23 (2023) 1, pp. 1-14
This study investigates the role of sectoral market structure in the inflationary dynamics of the domestic producer prices (D-PPI) in Türkiye. We start by reporting the fact that industries with intense competition had lower producer price inflation compared to industries with low-competition...
Persistent link: https://www.econbiz.de/10014281528
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index that covers the years 1998 to 2003. We strong find evidence of time- and statedependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10011604698
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Consumer price adjustment under the microscope: Germany in a period of low inflation
Hoffmann, Johannes; Kurz-Kim, Jeong-Ryeol - 2006
We analyse the adjustment of retail and services prices in a period of low inflation, using a set of individual price data from the German Consumer Price Index which covers the years 1998 to 2003. We strong find evidence of time- and state-dependent price adjustment. Most importantly, the...
Persistent link: https://www.econbiz.de/10010295804
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Die Inflation kommt zurück! Immer mehr Firmen in Deutschland wollen ihre Preise anheben
Lehmann, Robert; Wollmershäuser, Timo - In: ifo Schnelldienst 70 (2017) 05, pp. 16-21
Die ifo Preiserwartungen sind ein zuverlässiger Frühindikator zur Prognose der sektorspezifischen Preisentwicklung. Zudem ist der ifo Indikator in der Lage, die Kernrate der deutschen Inflation treffsicherer vorherzusagen als ein einfaches Referenzmodell. Nach den jüngsten...
Persistent link: https://www.econbiz.de/10011694111