We empirically investigate the proposition that firms charge premia on cash prices in transactions involving trade … credit. Using a comprehensive Swedish panel dataset on product-level transaction prices and firm-characteristics, we relate … trade credit issuance to price setting. In a recession characterized by tightened credit conditions, we find that prices …

dynamics. It exploits comovement between in ation and the level from which adjusting prices departed. Prices that increase from …

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often …

and Galí (2006, 2008) New-Keynesian model of inflation and unemployment, where labor market frictions due to costs of … alternative values of hiring costs as a percentage of GDP. Under low hiring costs - a typical part of the U.S. calibration - for … policy rules based on current period inflation and unemployment our results are similar to those of Bullard and Mitra (2002 …

price adjustments even in a period of a runaway inflation, when 85 percent of the prices change every month. … rigidity during a period of a runaway inflation, when the annual inflation rate was in the range of 60%-430%. Surprisingly, we … find that 0-ending prices are less likely to adjust, and when they do adjust, the average adjustments are larger. These …

The Producer Price Index (PPI) for the United States suggests that semiconductor prices have barely been falling in … improve at a rapid pace. Over the course of the 2000s, the MPU prices posted by Intel, the dominant producer of MPUs, became … measure of price change since then. MPU prices fell rapidly through 2004 on every price measure we present, with the PPI …

, which contains detailed information on firm domestic prices, marginal costs, and competitor prices. The rare features of … estimate of firms' price responses to changes in prices of their competitors. We develop a general framework and an empirical …, that these findings have important implications for shaping the response of domestic prices to international shocks. …

We study a unique dataset with comprehensive coverage of daily prices in large multi-product retailers in Israel …

anticipation of a future cost shock may only occur if prices are sufficiently flexible. We show analytically that this result holds … ; Optimal Monetary Policy ; Sticky Prices ; Welfare Analysis …