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 …

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 …

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 …

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 …

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

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

We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German … producer price index. After expansionary monetary policy, the increase in the frequency of price change is economically small …, the average absolute size across all price changes falls, and the aggregate price level hardly adjusts as a result. These …

We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German … producer price index. We find a strong degree of monetary nonneutrality. After expansionary monetary policy, the mass of … additional price adjustments is economically small and the average absolute size across all price changes falls. The aggregate …

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 …