Showing 1 - 10 of 12,607
This paper uses a rich weekly price database from the largest supermarket in Uruguay to analyze the relationship among … alleviate much of the price rigidity in economic recessions. We also studied sales behavior through a principal component … sector’s variance in price dynamics. These components are significantly correlated with variations in unemployment and …
Persistent link: https://www.econbiz.de/10013198119
of the following month. Sales or promotions, are a channel for price exibility because firms can use them to change …
Persistent link: https://www.econbiz.de/10012389529
Persistent link: https://www.econbiz.de/10014502796
Existing micro evidence of firms' price changes tends to show a downward sloping hazard rate – the longer the price of … a product has remained the same, the less likely it is that the price will change. Using a panel of Norwegian plant- and … suggests time-dependent price-setting by at least some of the producers. The spike after 12 months might be explained by …
Persistent link: https://www.econbiz.de/10012912662
Persistent link: https://www.econbiz.de/10011965358
We provide a new way to filter US inflation into trend and cycle components, based on extracting long-run forecasts from the Survey of Professional Forecasters. We operate the Kalman filter in reverse, beginning with observed forecasts, then estimating parameters, and then extracting the...
Persistent link: https://www.econbiz.de/10013076654
Multiple structural change tests by Bei and Perron (1998) are applied to the regression by Demetrescu, Kuzin and Hassler (2008) in order to detect breaks in the order of fractional integration. With this instrument we tackle time-varying inflation persistence as an important issue for monetary...
Persistent link: https://www.econbiz.de/10009382958
It has been widely argued that inflation persistence since WWII has been widespread and durable and that it can only be accounted for by models with a high degree of nominal rigidity. We examine UK post-war data and find that the varying persistence it reveals is largely due to changing monetary...
Persistent link: https://www.econbiz.de/10012728722
We combine two data sets to study price rigidity. The first consists of weekly time series of retail, wholesale, and …
Persistent link: https://www.econbiz.de/10014031331
phenomenon for better performance. The selection of inadequacies in price time series is analysed. The state-of-the-art proposed …, and the researchers implement normality to price modelling in its econometric mock-up phase. Overall, the proposed model …
Persistent link: https://www.econbiz.de/10013273461