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

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

Inflation volatility is clearly important for structural analysis, forecasting and policy purposes, yet it is often … monetary policy frameworks. The results of the empirical exercise using a panel dataset suggest that, over the last two decades …, the volatility of in ation was similar among countries, even when controlling for monetary policy activity and other …

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 …

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 …

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

. The paper shows that a cautious monetary policy-maker is welladvised to design and implement interest rate policies under …

. The study was undertaken in the context of the review of the ECBu0092s monetary policy strategy in Spring 2003 and … complements an investigation of the consequences of the zerointerest- rate bound for monetary policy-making in the euro area, the …

monetary policy. Standard rational expectations models can have alternative steady states as well as non-unique laws of motion …-Keynesian model, where stability is assured by assuming that Þscal policy turns expansionary at the zero lower bound. …

worker, job creation and job destruction conditional on a shock to monetary policy. Moreover, allowing for variation of the … helps to explain the sluggishness of inflation and the persistence of output after a monetary policy shock. The ability of …